Vontobel Holding Ltd. Decreases Stock Holdings in Nu Holdings Ltd. $NU

Vontobel Holding Ltd. lessened its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 76.6% during the third quarter, HoldingsChannel.com reports. The fund owned 151,671 shares of the company’s stock after selling 497,736 shares during the quarter. Vontobel Holding Ltd.’s holdings in NU were worth $2,428,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in NU. Armstrong Advisory Group Inc. bought a new position in NU during the second quarter valued at approximately $27,000. Quaker Wealth Management LLC raised its stake in NU by 212.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after buying an additional 4,341 shares during the last quarter. ORG Partners LLC grew its holdings in shares of NU by 474.1% in the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after acquiring an additional 1,920 shares during the period. Allworth Financial LP increased its position in NU by 166.6% during the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $35,000 after acquiring an additional 1,601 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in NU in the second quarter valued at about $36,000. 84.02% of the stock is currently owned by institutional investors.

NU Trading Up 0.0%

NU stock 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 price-to-earnings ratio of 32.83, a P/E/G ratio of 0.80 and a beta of 1.07. The firm has a 50 day moving average of $16.31 and a 200 day moving average of $14.74. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group restated a “buy” rating and set a $21.00 price target on shares of NU in a research note on Thursday, December 18th. JPMorgan Chase & Co. boosted their target price on shares of NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. UBS Group increased their price target on shares of NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Susquehanna lifted their price target on shares of NU from $17.00 to $19.00 and gave the stock a “positive” rating in a research note on Friday, November 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, NU currently has an average rating of “Moderate Buy” and an average price target of $18.04.

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.