Vontobel Holding Ltd. Has $579,000 Holdings in Nu Holdings Ltd. (NYSE:NU)

Vontobel Holding Ltd. reduced its holdings in Nu Holdings Ltd. (NYSE:NU) by 18.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,467 shares of the company’s stock after selling 15,626 shares during the quarter. Vontobel Holding Ltd.’s holdings in NU were worth $579,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Huntington National Bank lifted its holdings in NU by 1,232.5% during the 3rd quarter. Huntington National Bank now owns 4,144 shares of the company’s stock worth $30,000 after buying an additional 3,833 shares in the last quarter. WASHINGTON TRUST Co acquired a new position in NU during the 3rd quarter worth $49,000. Tennessee Valley Asset Management Partners acquired a new position in NU during the 4th quarter worth $52,000. UMB Bank n.a. acquired a new position in NU during the 4th quarter worth $55,000. Finally, PNC Financial Services Group Inc. lifted its holdings in NU by 37.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,339 shares of the company’s stock worth $60,000 after buying an additional 2,258 shares in the last quarter. 80.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NU. TheStreet raised NU from a “c+” rating to a “b” rating in a report on Friday, March 8th. KeyCorp upped their target price on shares of NU from $12.00 to $13.00 and gave the company an “overweight” rating in a research report on Monday. UBS Group upped their target price on shares of NU from $10.50 to $11.50 and gave the company a “buy” rating in a research report on Monday, January 29th. Finally, Susquehanna upped their target price on shares of NU from $11.00 to $12.00 and gave the company a “positive” rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, NU has a consensus rating of “Moderate Buy” and an average target price of $10.00.

NU Price Performance

NU opened at $10.61 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.38 and a debt-to-equity ratio of 0.18. Nu Holdings Ltd. has a 12 month low of $4.85 and a 12 month high of $12.39. The company has a fifty day simple moving average of $11.28 and a 200 day simple moving average of $9.45. The stock has a market cap of $49.79 billion, a P/E ratio of 50.50, a P/E/G ratio of 0.51 and a beta of 1.08.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). NU had a net margin of 12.84% and a return on equity of 20.02%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the company earned $0.03 EPS. On average, research analysts expect that Nu Holdings Ltd. will post 0.39 EPS for the current year.

NU Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.