Platform Technology Partners Sells 9,000 Shares of Nu Holdings Ltd. (NYSE:NU)

Platform Technology Partners decreased its position in Nu Holdings Ltd. (NYSE:NU) by 20.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,669 shares of the company’s stock after selling 9,000 shares during the quarter. Platform Technology Partners’ holdings in NU were worth $487,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV raised its position in NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after purchasing an additional 1,422 shares during the last quarter. GAMMA Investing LLC increased its position in NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after purchasing an additional 815 shares during the period. Carolina Wealth Advisors LLC bought a new position in NU in the 3rd quarter worth $44,000. Toth Financial Advisory Corp purchased a new stake in shares of NU in the 3rd quarter worth about $55,000. Finally, ORG Partners LLC bought a new stake in shares of NU during the 2nd quarter valued at about $54,000. 80.90% of the stock is owned by institutional investors.

NU Price Performance

Shares of NU opened at $15.90 on Tuesday. Nu Holdings Ltd. has a twelve month low of $7.74 and a twelve month high of $16.01. The company has a market capitalization of $75.78 billion, a P/E ratio of 51.29, a price-to-earnings-growth ratio of 0.69 and a beta of 1.13. The firm has a 50 day moving average of $14.41 and a 200 day moving average of $13.12. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25.

NU (NYSE:NU) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.02. NU had a return on equity of 27.00% and a net margin of 15.11%. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the business earned $0.05 earnings per share. As a group, equities research analysts anticipate that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a report on Friday, August 2nd. Susquehanna reaffirmed a “positive” rating and issued a $16.00 price target on shares of NU in a research note on Thursday, August 15th. JPMorgan Chase & Co. raised their price objective on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Bank of America boosted their target price on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Finally, Barclays lifted their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.21.

NU Company 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.