Aberdeen Group plc Trims Stock Position in Nu Holdings Ltd. $NU

Aberdeen Group plc decreased its position in shares of Nu Holdings Ltd. (NYSE:NU) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,743,741 shares of the company’s stock after selling 262,237 shares during the quarter. Aberdeen Group plc owned approximately 0.26% of NU worth $200,523,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC increased its holdings in shares of NU by 87.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 64,052 shares of the company’s stock valued at $879,000 after acquiring an additional 29,824 shares during the period. CWM LLC grew its stake in NU by 8.8% in the second quarter. CWM LLC now owns 81,639 shares of the company’s stock valued at $1,120,000 after purchasing an additional 6,631 shares during the last quarter. MGO One Seven LLC bought a new position in NU in the second quarter worth about $161,000. Envestnet Portfolio Solutions Inc. lifted its position in shares of NU by 39.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 37,549 shares of the company’s stock valued at $515,000 after buying an additional 10,609 shares during the last quarter. Finally, Atria Wealth Solutions Inc. boosted its holdings in shares of NU by 99.6% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 31,662 shares of the company’s stock valued at $433,000 after buying an additional 15,801 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. UBS Group upped their price objective on shares of NU from $16.00 to $18.40 and gave the company a “neutral” rating in a report on Thursday, December 4th. The Goldman Sachs Group reissued a “buy” rating and set a $21.00 target price on shares of NU in a research report on Thursday, December 18th. JPMorgan Chase & Co. raised their price target on shares of NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Susquehanna boosted their price objective on shares of NU from $19.00 to $22.00 and gave the company a “positive” rating in a report on Tuesday, January 27th. Finally, Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, NU currently has a consensus rating of “Moderate Buy” and an average target price of $18.34.

NU Trading Down 1.2%

NU stock opened at $16.83 on Friday. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $18.98. The business’s 50-day moving average is $17.14 and its 200 day moving average is $15.83. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. The stock has a market cap of $81.12 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 0.55 and a beta of 1.08.

NU (NYSE:NU) last issued its earnings results on Thursday, November 13th. The company reported $0.17 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 business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $3.96 billion. On average, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.