Congress Wealth Management LLC DE Decreases Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

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

A number of other large investors also recently added to or reduced their stakes in NU. LRI Investments LLC lifted its stake in shares of NU by 3.1% in the third quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock worth $341,000 after buying an additional 743 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of NU by 3.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock worth $362,000 after purchasing an additional 801 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of NU by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock valued at $716,000 after purchasing an additional 1,000 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. lifted its position in NU by 2.0% during the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company’s stock worth $579,000 after buying an additional 1,000 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in NU by 4.9% during the fourth quarter. Blue Trust Inc. now owns 21,784 shares of the company’s stock worth $226,000 after buying an additional 1,011 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Trading Down 6.8 %

Shares of NYSE NU opened at $10.34 on Monday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $49.26 billion, a PE ratio of 25.84, a PEG ratio of 0.48 and a beta of 1.14. The stock has a fifty day simple moving average of $12.04 and a 200-day simple moving average of $12.75. Nu Holdings Ltd. has a twelve month low of $9.67 and a twelve month high of $16.15.

NU (NYSE:NU) last announced its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

NU has been the topic of several recent research reports. UBS Group lowered their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and dropped their price target for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Barclays reduced their price target on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. lowered their price objective on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.47.

About NU

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.