Impact Partnership Wealth LLC Has $672,000 Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Impact Partnership Wealth LLC trimmed its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 14.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 49,224 shares of the company’s stock after selling 8,372 shares during the period. Impact Partnership Wealth LLC’s holdings in NU were worth $672,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Susquehanna reaffirmed a “positive” rating and set a $16.00 price objective on shares of NU in a research report on Thursday, August 15th. 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 report on Friday, August 2nd. Barclays upped their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Bank of America raised their target price on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Finally, The Goldman Sachs Group raised their price objective on NU from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.21.

NU Stock Performance

Shares of NU stock traded up $0.08 during mid-day trading on Thursday, reaching $14.83. The stock had a trading volume of 850,011 shares, compared to its average volume of 32,120,521. Nu Holdings Ltd. has a one year low of $7.74 and a one year high of $15.16. The firm has a market cap of $70.68 billion, a PE ratio of 56.71, a P/E/G ratio of 0.67 and a beta of 1.15. The firm’s 50 day simple moving average is $14.22 and its 200 day simple moving average is $12.74. 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 issued its earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same period in the prior year, the company posted $0.05 earnings per share. On average, analysts forecast that Nu Holdings Ltd. will post 0.41 EPS for the current year.

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.