Capital Research Global Investors Sells 10,273,530 Shares of Nu Holdings Ltd. $NU

Capital Research Global Investors lessened its stake in Nu Holdings Ltd. (NYSE:NU) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,607,140 shares of the company’s stock after selling 10,273,530 shares during the quarter. Capital Research Global Investors owned 3.83% of NU worth $2,955,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Allworth Financial LP increased its stake in NU by 166.6% during the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $35,000 after purchasing an additional 1,601 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of NU during the second quarter valued at approximately $38,000. VSM Wealth Advisory LLC grew its holdings in shares of NU by 1,000.0% during the third quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company’s stock valued at $53,000 after buying an additional 3,000 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of NU by 63.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after acquiring an additional 1,464 shares in the last quarter. Finally, Activest Wealth Management lifted its position in NU by 743.6% in the 3rd quarter. Activest Wealth Management now owns 6,285 shares of the company’s stock valued at $101,000 after acquiring an additional 5,540 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Bank of America reaffirmed a “neutral” rating on shares of NU in a report on Monday. UBS Group dropped their price objective on NU from $18.40 to $17.20 and set a “neutral” rating on the stock in a research report on Wednesday, March 4th. The Goldman Sachs Group reissued a “buy” rating and issued a $21.00 target price on shares of NU in a research report on Thursday, December 18th. Finally, Zacks Research raised shares of NU from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.22.

NU Stock Performance

NU stock opened at $14.68 on Tuesday. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $18.98. The stock’s fifty day moving average price is $16.92 and its 200-day moving average price is $16.23. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.58 and a quick ratio of 0.56. The company has a market cap of $70.73 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 0.47 and a beta of 1.11.

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

NU Company 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.