Nu Holdings Ltd. (NYSE:NU) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE cut its holdings in Nu Holdings Ltd. (NYSE:NU) by 14.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,688 shares of the company’s stock after selling 2,430 shares during the period. Congress Wealth Management LLC DE’s holdings in NU were worth $152,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in NU in the third quarter valued at $164,000. Bank of Montreal Can grew its stake in NU by 85.3% during the 3rd quarter. Bank of Montreal Can now owns 1,287,963 shares of the company’s stock worth $17,864,000 after buying an additional 592,941 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in NU by 94.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 609,709 shares of the company’s stock worth $8,323,000 after buying an additional 295,520 shares during the last quarter. Townsquare Capital LLC acquired a new position in NU during the third quarter worth approximately $197,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in NU by 14,296.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 807,808 shares of the company’s stock valued at $11,027,000 after buying an additional 802,197 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Trading Down 6.8 %

Shares of NU stock opened at $10.34 on Monday. Nu Holdings Ltd. has a 1-year low of $9.67 and a 1-year high of $16.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The business’s fifty day moving average price is $12.04 and its 200 day moving average price is $12.75. The firm has a market capitalization of $49.26 billion, a PE ratio of 25.84, a P/E/G ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. As a group, sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays cut their target price on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. reduced their target price on shares of NU from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, February 24th. UBS Group dropped their price target on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Finally, Citigroup downgraded NU from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.47.

NU Company Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.