Tower Research Capital LLC TRC Sells 1,195 Shares of Nu Holdings Ltd. (NYSE:NU)

Tower Research Capital LLC TRC trimmed its stake in Nu Holdings Ltd. (NYSE:NU) by 15.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,398 shares of the company’s stock after selling 1,195 shares during the period. Tower Research Capital LLC TRC’s holdings in NU were worth $53,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NU. AE Wealth Management LLC grew its holdings in shares of NU by 10.9% during the third quarter. AE Wealth Management LLC now owns 13,268 shares of the company’s stock worth $96,000 after purchasing an additional 1,299 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of NU by 487.1% during the third quarter. SG Americas Securities LLC now owns 190,907 shares of the company’s stock worth $1,384,000 after purchasing an additional 158,392 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of NU by 100.0% during the third quarter. Handelsbanken Fonder AB now owns 96,800 shares of the company’s stock worth $702,000 after purchasing an additional 48,400 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of NU by 24.1% during the third quarter. Commonwealth Equity Services LLC now owns 119,106 shares of the company’s stock worth $864,000 after purchasing an additional 23,100 shares during the last quarter. Finally, Balboa Wealth Partners bought a new stake in shares of NU during the third quarter worth $114,000. 80.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NU has been the topic of several recent research reports. KeyCorp raised their price target on NU from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. UBS Group raised their price target on NU from $10.50 to $11.50 and gave the company a “buy” rating in a report on Monday, January 29th. TheStreet upgraded NU from a “c+” rating to a “b” rating in a report on Friday, March 8th. Finally, Susquehanna increased their target price on NU from $11.00 to $12.00 and gave the company a “positive” rating in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, NU presently has an average rating of “Moderate Buy” and a consensus price target of $10.00.

NU Stock Down 1.5 %

NU stock traded down $0.16 during midday trading on Tuesday, reaching $10.85. The stock had a trading volume of 14,287,585 shares, compared to its average volume of 29,930,357. The firm’s fifty day simple moving average is $11.34 and its 200-day simple moving average is $9.57. Nu Holdings Ltd. has a 1-year low of $5.14 and a 1-year high of $12.39. The stock has a market capitalization of $50.94 billion, a P/E ratio of 51.67, a price-to-earnings-growth ratio of 0.54 and a beta of 1.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.38 and a current ratio of 0.38.

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

NU 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.