Machina Capital S.A.S. Decreases Stock Position in Nu Holdings Ltd. $NU

Machina Capital S.A.S. trimmed its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 7.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 82,471 shares of the company’s stock after selling 6,859 shares during the quarter. Machina Capital S.A.S.’s holdings in NU were worth $1,132,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Focus Partners Advisor Solutions LLC lifted its holdings in shares of NU by 5.5% during the first quarter. Focus Partners Advisor Solutions LLC now owns 15,974 shares of the company’s stock valued at $164,000 after purchasing an additional 838 shares in the last quarter. Dakota Wealth Management raised its position in NU by 3.9% in the 2nd quarter. Dakota Wealth Management now owns 31,314 shares of the company’s stock worth $430,000 after buying an additional 1,180 shares during the last quarter. Richards Merrill & Peterson Inc. lifted its stake in NU by 43.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company’s stock valued at $42,000 after acquiring an additional 1,250 shares during the period. Verdence Capital Advisors LLC boosted its holdings in shares of NU by 3.2% during the 2nd quarter. Verdence Capital Advisors LLC now owns 43,704 shares of the company’s stock valued at $600,000 after acquiring an additional 1,351 shares during the last quarter. Finally, SVB Wealth LLC grew its stake in shares of NU by 0.8% in the first quarter. SVB Wealth LLC now owns 178,707 shares of the company’s stock worth $1,830,000 after acquiring an additional 1,358 shares during the period. Institutional investors own 84.02% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NU shares. Santander upgraded shares of NU to a “neutral” rating in a research report on Monday, August 25th. Weiss Ratings reissued a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on NU from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. UBS Group upped their price objective on NU from $15.60 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Finally, Bank of America raised their target price on NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 25th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.10.

NU Trading Up 0.1%

NYSE:NU opened at $16.13 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $77.70 billion, a price-to-earnings ratio of 35.06, a price-to-earnings-growth ratio of 0.83 and a beta of 1.08. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.50. The business has a fifty day moving average price of $15.45 and a 200-day moving average price of $13.62.

NU (NYSE:NU) last released its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. NU had a return on equity of 29.91% and a net margin of 17.90%.The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the previous year, the business earned $0.12 earnings per share. Sell-side analysts forecast 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.