SVB Wealth LLC Decreases Holdings in Nu Holdings Ltd. (NYSE:NU)

SVB Wealth LLC trimmed its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 181,239 shares of the company’s stock after selling 24,340 shares during the quarter. SVB Wealth LLC’s holdings in NU were worth $1,510,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Raymond James & Associates grew its holdings in NU by 10.8% during the 1st quarter. Raymond James & Associates now owns 66,126 shares of the company’s stock valued at $510,000 after purchasing an additional 6,422 shares during the last quarter. HighTower Advisors LLC bought a new position in NU during the 1st quarter valued at about $265,000. Cetera Investment Advisers bought a new position in NU during the 1st quarter valued at about $100,000. XTX Topco Ltd bought a new position in NU during the 1st quarter valued at about $78,000. Finally, First Trust Advisors LP bought a new position in NU during the 1st quarter valued at about $12,675,000. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

NU Price Performance

NYSE NU opened at $10.67 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.31 and a current ratio of 0.38. The firm’s 50 day moving average price is $11.25 and its 200-day moving average price is $9.37. Nu Holdings Ltd. has a 52-week low of $4.69 and a 52-week high of $12.39. The company has a market cap of $50.07 billion, a PE ratio of 50.79, a P/E/G ratio of 0.53 and a beta of 1.08.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.08 earnings per share (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 business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the business posted $0.03 earnings per share. Sell-side analysts forecast that Nu Holdings Ltd. will post 0.39 EPS for the current fiscal year.

Analysts Set New Price Targets

NU has been the topic of several analyst reports. TheStreet upgraded shares of NU from a “c+” rating to a “b” rating in a report on Friday, March 8th. Susquehanna upped their target price on shares of NU from $11.00 to $12.00 and gave the stock a “positive” rating in a research note on Friday, February 23rd. Finally, UBS Group upped their target price on shares of NU from $10.50 to $11.50 and gave the stock a “buy” rating in a research note on Monday, January 29th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, NU presently has an average rating of “Moderate Buy” and an average price target of $9.67.

About NU

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.