Federated Hermes Inc. Decreases Position in Nu Holdings Ltd. $NU

Federated Hermes Inc. trimmed its position in Nu Holdings Ltd. (NYSE:NU) by 17.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,006,366 shares of the company’s stock after selling 207,617 shares during the quarter. Federated Hermes Inc.’s holdings in NU were worth $13,807,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Jump Financial LLC lifted its position in shares of NU by 541.8% in the second quarter. Jump Financial LLC now owns 185,434 shares of the company’s stock valued at $2,544,000 after acquiring an additional 156,539 shares in the last quarter. Quantum Portfolio Management LLC raised its stake in NU by 16.5% in the 2nd quarter. Quantum Portfolio Management LLC now owns 29,402 shares of the company’s stock valued at $403,000 after purchasing an additional 4,160 shares during the last quarter. Avestar Capital LLC lifted its holdings in NU by 40.1% in the 2nd quarter. Avestar Capital LLC now owns 107,068 shares of the company’s stock valued at $1,469,000 after purchasing an additional 30,665 shares in the last quarter. Seven Springs Wealth Group LLC acquired a new stake in NU during the 2nd quarter worth $92,707,000. Finally, Qtron Investments LLC boosted its stake in NU by 2.1% during the 2nd quarter. Qtron Investments LLC now owns 109,766 shares of the company’s stock worth $1,506,000 after purchasing an additional 2,211 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Trading Up 0.2%

Shares of NU stock opened at $16.71 on Thursday. The stock has a 50 day moving average of $15.97 and a 200 day moving average of $14.38. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market capitalization of $80.52 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 0.80 and a beta of 1.07. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $17.84.

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

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. KeyCorp upped their price objective on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. Citigroup upgraded NU from a “sell” rating to a “buy” rating and upped their price target for the company from $9.00 to $18.00 in a research report on Wednesday, August 20th. Susquehanna increased their price target on NU from $17.00 to $19.00 and gave the company a “positive” rating in a report on Friday, November 14th. Santander raised NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. Finally, Bradesco Corretora raised NU to an “outperform” rating and set a $17.00 target price for the company in a research note on Monday, August 25th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.71.

NU 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.