US Bancorp DE Has $3.42 Million Stock Holdings in Nu Holdings Ltd. $NU

US Bancorp DE reduced its position in Nu Holdings Ltd. (NYSE:NU) by 22.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 213,492 shares of the company’s stock after selling 60,907 shares during the period. US Bancorp DE’s holdings in NU were worth $3,418,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jordan Park Group LLC raised its stake in shares of NU by 129.3% during the third quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock worth $31,000 after buying an additional 1,104,421 shares during the last quarter. Allworth Financial LP lifted its stake in NU by 166.6% in the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $35,000 after buying an additional 1,601 shares during the period. Atlantic Union Bankshares Corp acquired a new position in shares of NU during the 2nd quarter worth about $38,000. EverSource Wealth Advisors LLC increased its stake in shares of NU by 63.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after acquiring an additional 1,464 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its position in shares of NU by 694.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 6,352 shares of the company’s stock valued at $87,000 after acquiring an additional 5,552 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NU shares. UBS Group boosted their price objective on shares of NU from $16.00 to $18.40 and gave the company a “neutral” rating in a report on Thursday, December 4th. Susquehanna boosted their price target on shares of NU from $19.00 to $22.00 and gave the company a “positive” rating in a report on Tuesday, January 27th. 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 report on Friday, November 14th. Weiss Ratings upgraded NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $21.00 price objective on shares of NU in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.34.

NU Stock Down 2.9%

Shares of NU stock opened at $14.76 on Wednesday. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $18.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.56 and a current ratio of 0.58. The business’s 50 day simple moving average is $17.07 and its 200 day simple moving average is $16.19. The firm has a market cap of $71.10 billion, a PE ratio of 25.44, a P/E/G ratio of 0.49 and a beta of 1.11.

NU (NYSE:NU) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. On average, analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

About NU

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.