Cary Street Partners Asset Management LLC Sells 5,000 Shares of Nu Holdings Ltd. (NYSE:NU)

Cary Street Partners Asset Management LLC reduced its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 21.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,561 shares of the company’s stock after selling 5,000 shares during the quarter. Cary Street Partners Asset Management LLC’s holdings in NU were worth $253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of NU. GAMMA Investing LLC boosted its stake in shares of NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after buying an additional 815 shares during the last quarter. Marcum Wealth LLC grew its stake in shares of NU by 2.5% during the 3rd quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock valued at $508,000 after purchasing an additional 903 shares during the period. Stokes Family Office LLC increased its position in shares of NU by 10.0% during the 1st quarter. Stokes Family Office LLC now owns 11,000 shares of the company’s stock valued at $131,000 after purchasing an additional 1,000 shares during the last quarter. Fortis Capital Management LLC lifted its stake in shares of NU by 6.6% in the 2nd quarter. Fortis Capital Management LLC now owns 17,330 shares of the company’s stock worth $223,000 after purchasing an additional 1,072 shares during the period. Finally, Americana Partners LLC boosted its holdings in shares of NU by 7.8% in the second quarter. Americana Partners LLC now owns 15,449 shares of the company’s stock worth $199,000 after buying an additional 1,115 shares during the last quarter. 80.90% of the stock is currently owned by institutional investors.

NU Price Performance

Shares of NYSE:NU opened at $14.67 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market cap of $69.92 billion, a price-to-earnings ratio of 47.32, a P/E/G ratio of 0.65 and a beta of 1.13. The firm has a fifty day moving average price of $14.35 and a 200 day moving average price of $12.96. Nu Holdings Ltd. has a fifty-two week low of $7.74 and a fifty-two week high of $15.98.

NU (NYSE:NU) last announced its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same period in the prior year, the company earned $0.05 EPS. As a group, sell-side analysts expect that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price target on the stock. in a research report on Friday, August 2nd. JPMorgan Chase & Co. boosted their price target on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. The Goldman Sachs Group upped their price target on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Barclays lifted their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, Bank of America lifted their price target on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, NU currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.21.

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.