Black Swift Group LLC Sells 20,000 Shares of Nu Holdings Ltd. (NYSE:NU)

Black Swift Group LLC reduced its position in shares of Nu Holdings Ltd. (NYSE:NU) by 4.8% in the third quarter, HoldingsChannel.com reports. The firm owned 395,000 shares of the company’s stock after selling 20,000 shares during the period. NU comprises 1.2% of Black Swift Group LLC’s investment portfolio, making the stock its 16th largest position. Black Swift Group LLC’s holdings in NU were worth $5,392,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. upped 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. Susquehanna boosted their price objective on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday. UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a research note on Friday, August 2nd. Bank of America boosted their price target on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Finally, Barclays raised their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NU has an average rating of “Moderate Buy” and a consensus price target of $15.96.

NU Price Performance

Shares of NYSE:NU opened at $14.55 on Thursday. The business has a 50-day simple moving average of $14.45 and a two-hundred day simple moving average of $13.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market cap of $69.34 billion, a price-to-earnings ratio of 50.45, a price-to-earnings-growth ratio of 0.72 and a beta of 1.13. Nu Holdings Ltd. has a fifty-two week low of $7.74 and a fifty-two week high of $16.15.

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

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.