Advisor Resource Council Sells 85,220 Shares of Nu Holdings Ltd. (NYSE:NU)

Advisor Resource Council cut its position in Nu Holdings Ltd. (NYSE:NU) by 83.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,388 shares of the company’s stock after selling 85,220 shares during the quarter. Advisor Resource Council’s holdings in NU were worth $196,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of NU by 22.3% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,159,477 shares of the company’s stock valued at $121,203,000 after buying an additional 1,853,273 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of NU by 179.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,841 shares of the company’s stock valued at $105,000 after buying an additional 5,672 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of NU in the 1st quarter valued at approximately $822,000. Cornerstone Wealth Group LLC increased its position in NU by 8.8% during the 1st quarter. Cornerstone Wealth Group LLC now owns 37,683 shares of the company’s stock worth $450,000 after purchasing an additional 3,038 shares in the last quarter. Finally, Artemis Investment Management LLP increased its position in NU by 4.9% during the 1st quarter. Artemis Investment Management LLP now owns 325,736 shares of the company’s stock worth $3,884,000 after purchasing an additional 15,219 shares in the last quarter. 80.90% of the stock is currently owned by institutional investors and hedge funds.

NU Trading Up 0.6 %

NYSE NU traded up $0.08 on Thursday, hitting $12.43. The company’s stock had a trading volume of 11,625,051 shares, compared to its average volume of 32,003,098. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.21. Nu Holdings Ltd. has a 1-year low of $6.61 and a 1-year high of $13.01. The company’s 50-day moving average is $11.81 and its 200 day moving average is $10.77. The firm has a market cap of $59.24 billion, a PE ratio of 47.81, a PEG ratio of 0.58 and a beta of 1.14.

NU (NYSE:NU) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. NU had a net margin of 13.86% and a return on equity of 22.94%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.58 billion. As a group, analysts predict that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on NU. KeyCorp upped their price objective on shares of NU from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. TheStreet upgraded shares of NU from a “c+” rating to a “b” rating in a research report on Friday, March 8th. Barclays began coverage on shares of NU in a research report on Wednesday, June 26th. They set an “overweight” rating and a $15.00 price objective for the company. Susquehanna upped their price objective on shares of NU from $12.00 to $14.00 and gave the stock a “positive” rating in a research report on Wednesday, May 15th. Finally, Jefferies Financial Group upped their price target on shares of NU from $10.80 to $15.20 and gave the company a “buy” rating in a research report on Monday, June 24th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, NU currently has an average rating of “Moderate Buy” and an average price target of $11.70.

NU Company 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.