Federated Hermes Inc. Decreases Stock Position in Nu Holdings Ltd. $NU

Federated Hermes Inc. decreased its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 13.4% during the third quarter, Holdings Channel.com reports. The fund owned 871,415 shares of the company’s stock after selling 134,951 shares during the period. Federated Hermes Inc.’s holdings in NU were worth $13,951,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of NU. Quaker Wealth Management LLC boosted its stake in NU by 212.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock worth $32,000 after purchasing an additional 4,341 shares in the last quarter. 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 worth $35,000 after buying an additional 1,601 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of NU during the second quarter worth $36,000. Atlantic Union Bankshares Corp purchased a new stake in shares of NU during the second quarter valued at $38,000. Finally, FNY Investment Advisers LLC increased its position in shares of NU by 334,100.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 3,342 shares of the company’s stock valued at $45,000 after acquiring an additional 3,341 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Down 5.4%

NU stock opened at $17.74 on Friday. The business’s 50-day moving average price is $17.09 and its 200 day moving average price is $15.53. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. The firm has a market cap of $85.48 billion, a price-to-earnings ratio of 34.78, a price-to-earnings-growth ratio of 0.61 and a beta of 1.08. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $18.98.

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

Analyst Ratings Changes

NU has been the subject of a number of research reports. UBS Group lifted their price target on NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $21.00 target price on shares of NU in a report on Thursday, December 18th. KeyCorp increased their price target on shares of NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Santander upgraded shares of NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. One equities research 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 company’s stock. According to data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and an average target price of $18.34.

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.