Nu Holdings Ltd. $NU Shares Sold by Aberdeen Group plc

Aberdeen Group plc reduced its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 2.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 12,743,741 shares of the company’s stock after selling 262,237 shares during the quarter. Aberdeen Group plc’s holdings in NU were worth $200,523,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NU. Jordan Park Group LLC increased its holdings in shares of NU by 129.3% in the 3rd quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock valued at $31,000 after acquiring an additional 1,104,421 shares during the period. Quaker Wealth Management LLC increased its stake in NU by 212.7% in the second quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after purchasing an additional 4,341 shares during the period. Allworth Financial LP raised its holdings in shares of NU by 166.6% in the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $35,000 after buying an additional 1,601 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of NU during the second quarter worth about $38,000. Finally, FNY Investment Advisers LLC boosted its stake in shares of NU by 334,100.0% during the second quarter. FNY Investment Advisers LLC now owns 3,342 shares of the company’s stock worth $45,000 after buying an additional 3,341 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analyst Ratings Changes

NU has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on NU from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. Susquehanna upped their price objective on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research report on Tuesday, January 27th. KeyCorp raised their target price on shares of NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $21.00 price target on shares of NU in a research note on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.34.

NU Stock Down 1.2%

Shares of NYSE NU opened at $16.83 on Friday. The firm has a market cap of $81.12 billion, a P/E ratio of 33.01, a price-to-earnings-growth ratio of 0.55 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.56. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $18.98. The firm’s 50 day moving average price is $17.14 and its 200 day moving average price is $15.83.

NU (NYSE:NU) last released its earnings results on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. NU had a net margin of 17.97% and a return on equity of 30.12%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $3.96 billion. As a group, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

About NU

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.