Nu Holdings Ltd. $NU Stock Position Decreased by GCM Grosvenor Holdings LLC

GCM Grosvenor Holdings LLC decreased its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 8.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 764,020 shares of the company’s stock after selling 71,980 shares during the quarter. NU makes up approximately 1.5% of GCM Grosvenor Holdings LLC’s holdings, making the stock its 13th biggest holding. GCM Grosvenor Holdings LLC’s holdings in NU were worth $10,482,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Armstrong Advisory Group Inc. bought a new position in shares of NU during the second quarter valued at approximately $27,000. Quaker Wealth Management LLC lifted its holdings in shares of NU by 212.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock worth $32,000 after purchasing an additional 4,341 shares during the last quarter. ORG Partners LLC boosted its position in NU by 474.1% during the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock valued at $32,000 after purchasing an additional 1,920 shares during the period. Allworth Financial LP boosted its position in NU by 166.6% during the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $35,000 after purchasing an additional 1,601 shares during the period. Finally, Ameritas Advisory Services LLC bought a new position in NU during the 2nd quarter worth $36,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Price Performance

Shares of NYSE NU opened at $16.88 on Friday. The stock has a market cap of $81.34 billion, a P/E ratio of 33.10, a P/E/G ratio of 0.80 and a beta of 1.07. The firm’s 50-day simple moving average is $16.03 and its 200 day simple moving average is $14.43. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $17.84. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29.

NU (NYSE:NU) last announced its earnings results on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $3.96 billion. NU had a net margin of 17.97% and a return on equity of 30.12%. Equities analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Susquehanna raised their target price on NU from $17.00 to $19.00 and gave the company a “positive” rating in a research note on Friday, November 14th. Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. Bank of America lifted their price objective on shares of NU from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, August 25th. JPMorgan Chase & Co. boosted their target price on shares of NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Finally, Bradesco Corretora upgraded shares of NU to an “outperform” rating and set a $17.00 price target on the stock in a research note on Monday, August 25th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, NU presently has an average rating of “Moderate Buy” and a consensus target price of $17.71.

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.