Verdence Capital Advisors LLC Decreases Position in Nu Holdings Ltd. (NYSE:NU)

Verdence Capital Advisors LLC reduced its stake in Nu Holdings Ltd. (NYSE:NU) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,054 shares of the company’s stock after selling 1,113 shares during the quarter. Verdence Capital Advisors LLC’s holdings in NU were worth $405,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NU. Piscataqua Savings Bank lifted its position in shares of NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after acquiring an additional 2,500 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of NU in the fourth quarter valued at $62,000. Huntington National Bank lifted its position in shares of NU by 86.3% in the third quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after acquiring an additional 2,131 shares in the last quarter. Berbice Capital Management LLC purchased a new stake in shares of NU in the fourth quarter valued at $93,000. Finally, SteelPeak Wealth LLC purchased a new stake in shares of NU in the fourth quarter valued at $105,000. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on NU. The Goldman Sachs Group upped their price objective on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Citigroup lowered NU from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. JPMorgan Chase & Co. decreased their price target on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. Susquehanna raised their price target on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Finally, KeyCorp raised their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.47.

NU Stock Performance

NU stock opened at $10.66 on Friday. The stock’s 50-day moving average is $11.97 and its 200-day moving average is $13.13. The company has a market cap of $50.78 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. Nu Holdings Ltd. has a 12 month low of $9.67 and a 12 month high of $16.15.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. Equities analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

About NU

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.