Carlyle Group Inc. decreased its position in shares of Nu Holdings Ltd. (NYSE:NU – Free Report) by 23.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 55,417 shares of the company’s stock after selling 16,924 shares during the quarter. NU accounts for 0.1% of Carlyle Group Inc.’s investment portfolio, making the stock its 24th biggest holding. Carlyle Group Inc.’s holdings in NU were worth $714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of 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 in the last quarter. ORG Partners LLC bought a new stake in NU during the second quarter worth approximately $54,000. Opal Wealth Advisors LLC acquired a new position in NU in the second quarter worth approximately $88,000. LRI Investments LLC bought a new position in shares of NU in the first quarter valued at $91,000. Finally, ProVise Management Group LLC lifted its position in shares of NU by 13.5% during the 4th quarter. ProVise Management Group LLC now owns 11,580 shares of the company’s stock valued at $96,000 after acquiring an additional 1,380 shares during the last quarter. 80.90% of the stock is currently owned by institutional investors and hedge funds.
NU Stock Performance
Shares of NU opened at $14.74 on Monday. 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 Holdings Ltd. has a 12 month low of $6.77 and a 12 month high of $15.10. The company’s fifty day moving average is $13.32 and its 200-day moving average is $12.27. The firm has a market cap of $70.25 billion, a price-to-earnings ratio of 56.69, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. The Goldman Sachs Group boosted their price objective on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a report on Friday, August 2nd. Bank of America boosted their price target on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Barclays lifted their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.08.
Get Our Latest Stock Analysis on NU
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.
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