Atria Investments Inc Cuts Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Atria Investments Inc reduced its position in shares of Nu Holdings Ltd. (NYSE:NU) by 11.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 107,588 shares of the company’s stock after selling 13,905 shares during the period. Atria Investments Inc’s holdings in NU were worth $1,469,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV grew its position in shares of NU by 287.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after purchasing an additional 1,422 shares in the last quarter. GAMMA Investing LLC grew its position in shares of NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after purchasing an additional 815 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new stake in shares of NU in the third quarter valued at approximately $44,000. Toth Financial Advisory Corp purchased a new stake in shares of NU in the third quarter valued at approximately $55,000. Finally, ORG Partners LLC purchased a new stake in shares of NU in the second quarter valued at approximately $54,000. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NU. Susquehanna upped their price target on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday. JPMorgan Chase & Co. upped their price objective on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a report on Thursday. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a report on Friday, August 2nd. Finally, Barclays upped their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.21.

NU Stock Down 7.5 %

NYSE:NU opened at $14.06 on Friday. The stock has a market capitalization of $66.99 billion, a price-to-earnings ratio of 39.04, a price-to-earnings-growth ratio of 0.71 and a beta of 1.13. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25. Nu Holdings Ltd. has a 52 week low of $7.74 and a 52 week high of $16.15. The stock’s fifty day moving average is $14.48 and its two-hundred day moving average is $13.21.

NU (NYSE:NU) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.90 billion. NU had a return on equity of 29.70% and a net margin of 16.28%. During the same period last year, the firm earned $0.05 earnings per share. Research analysts anticipate that Nu Holdings Ltd. will post 0.41 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.