Aberdeen Group plc Buys 2,260,642 Shares of Nu Holdings Ltd. $NU

Aberdeen Group plc boosted its stake in Nu Holdings Ltd. (NYSE:NU) by 17.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,004,383 shares of the company’s stock after buying an additional 2,260,642 shares during the period. Aberdeen Group plc owned approximately 0.31% of NU worth $251,173,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of NU by 14.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,695,159 shares of the company’s stock worth $219,259,000 after buying an additional 1,703,787 shares in the last quarter. Washington University boosted its stake in NU by 1.5% in the third quarter. Washington University now owns 10,566,927 shares of the company’s stock valued at $169,177,000 after buying an additional 158,731 shares in the last quarter. Mawer Investment Management Ltd. bought a new position in NU in the third quarter valued at about $10,829,000. WCM Investment Management LLC grew its position in NU by 0.9% in the third quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock valued at $1,187,935,000 after acquiring an additional 659,526 shares during the last quarter. Finally, Liontrust Investment Partners LLP acquired a new position in NU during the second quarter worth about $4,490,000. 84.02% of the stock is owned by institutional investors.

Insider Buying and Selling

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $14.81, for a total value of $4,443,000.00. Following the sale, the chief executive officer owned 2,312,338 shares in the company, valued at approximately $34,245,725.78. The trade was a 11.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.

NU Stock Performance

Shares of NU stock opened at $14.15 on Friday. The firm has a market capitalization of $68.20 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 0.56 and a beta of 1.10. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.39. The business’s 50-day moving average price is $15.86 and its 200-day moving average price is $16.12. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $18.98.

NU (NYSE:NU) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.55 billion. NU had a return on equity of 30.68% and a net margin of 18.19%. Equities research analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NU shares. The Goldman Sachs Group reissued a “buy” rating and issued a $21.00 target price on shares of NU in a report on Thursday, December 18th. 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. Zacks Research downgraded shares of NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Bank of America restated a “neutral” rating on shares of NU in a research report on Monday, March 9th. Finally, UBS Group raised shares of NU from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $17.20 to $17.60 in a research note on Thursday, March 19th. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.26.

NU Profile

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.