Nu Holdings Ltd. $NU Shares Sold by Carnegie Investment Counsel

Carnegie Investment Counsel lowered its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 38.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 596,183 shares of the company’s stock after selling 366,177 shares during the quarter. Carnegie Investment Counsel’s holdings in NU were worth $9,545,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Armstrong Advisory Group Inc. purchased a new stake in NU during the 2nd quarter worth about $27,000. ORG Partners LLC increased its stake in shares of NU by 474.1% during the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after buying an additional 1,920 shares during the period. Quaker Wealth Management LLC raised its holdings 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 acquiring an additional 4,341 shares in the last quarter. Banque Transatlantique SA purchased a new position in NU in the first quarter worth approximately $34,000. Finally, Allworth Financial LP lifted its stake in NU by 166.6% in the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock worth $35,000 after acquiring an additional 1,601 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NU has been the topic of a number of recent analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $21.00 price objective on shares of NU in a research report on Thursday, December 18th. Susquehanna increased their target price on NU from $17.00 to $19.00 and gave the company a “positive” rating in a report on Friday, November 14th. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. KeyCorp lifted their price target on NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.04.

NU Price Performance

Shares of NYSE:NU opened at $16.75 on Friday. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $17.84. The firm has a market capitalization of $80.69 billion, a P/E ratio of 32.83, a P/E/G ratio of 0.80 and a beta of 1.07. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.56. The company’s fifty day moving average price is $16.31 and its 200 day moving average price is $14.76.

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