Entropy Technologies LP Reduces Holdings in Nu Holdings Ltd. $NU

Entropy Technologies LP reduced its position in Nu Holdings Ltd. (NYSE:NU) by 20.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 181,891 shares of the company’s stock after selling 45,590 shares during the period. Entropy Technologies LP’s holdings in NU were worth $2,496,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Armstrong Advisory Group Inc. acquired a new position in NU during the second quarter worth approximately $27,000. Quaker Wealth Management LLC boosted its holdings in shares of NU by 212.7% in the second quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after acquiring an additional 4,341 shares during the period. ORG Partners LLC grew its position in shares of NU by 474.1% during the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after acquiring an additional 1,920 shares during the last quarter. Allworth Financial LP increased its holdings in shares of NU by 166.6% in the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $35,000 after acquiring an additional 1,601 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in shares of NU in the 2nd quarter valued at $36,000. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Price Performance

Shares of NU opened at $15.90 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.57 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average is $15.68 and its two-hundred day moving average is $13.98. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.55. The firm has a market capitalization of $76.62 billion, a PE ratio of 31.18, a P/E/G ratio of 0.77 and a beta of 1.08.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. NU had a return on equity of 30.12% and a net margin of 17.97%.The business had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Research analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NU shares. Bank of America raised their price objective on shares of NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 25th. Santander raised shares of NU to a “neutral” rating in a report on Monday, August 25th. Susquehanna raised their price target on NU from $17.00 to $19.00 and gave the stock a “positive” rating in a report on Friday, November 14th. Citigroup upgraded NU from a “sell” rating to a “buy” rating and boosted their price target for the company from $9.00 to $18.00 in a research report on Wednesday, August 20th. Finally, UBS Group upped their price objective on NU from $15.60 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.44.

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.