Nu Holdings Ltd. (NYSE:NU) Holdings Decreased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its holdings in Nu Holdings Ltd. (NYSE:NU) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,153 shares of the company’s stock after selling 3,549 shares during the period. Segall Bryant & Hamill LLC’s holdings in NU were worth $302,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

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

NU Trading Down 6.8 %

NYSE:NU opened at $10.34 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $12.04 and its 200-day moving average is $12.76. The firm has a market cap of $49.26 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 0.48 and a beta of 1.14. Nu Holdings Ltd. has a 12 month low of $9.67 and a 12 month high of $16.15.

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

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.