Aberdeen Group plc Sells 29,094 Shares of Nu Holdings Ltd. $NU

Key Points

• Aberdeen Group plc reduced its stake in Nu Holdings Ltd. by 0.2%, now holding approximately 12.97 million shares valued at $132.23 million.
• During the same period, several hedge funds, including Marathon Trading and Vestmark Advisory Solutions, adjusted their holdings, contributing to an overall institutional ownership of 84.02% in Nu Holdings.
• Nu Holdings reported a quarterly EPS of $0.11, missing expectations of $0.12, and a revenue of $3.25 billion, which exceeded forecasts of $3.09 billion.

Aberdeen Group plc cut its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 0.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,970,215 shares of the company's stock after selling 29,094 shares during the period. Aberdeen Group plc owned 0.27% of NU worth $132,231,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Baillie Gifford & Co. lifted its position in NU by 17.9% in the 1st quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company's stock valued at $2,715,243,000 after acquiring an additional 40,181,132 shares in the last quarter. Kontiki Capital Management HK Ltd. lifted its position in NU by 54.3% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company's stock valued at $333,575,000 after acquiring an additional 11,465,700 shares in the last quarter. Northern Trust Corp lifted its position in NU by 45.1% in the 4th quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock valued at $264,140,000 after acquiring an additional 7,930,598 shares in the last quarter. Ribbit Management Company LLC lifted its position in shares of NU by 22.1% during the 4th quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company's stock worth $261,525,000 after buying an additional 4,575,000 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in shares of NU by 6.2% during the 4th quarter. Nuveen Asset Management LLC now owns 24,378,076 shares of the company's stock worth $252,557,000 after buying an additional 1,417,910 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on NU. Morgan Stanley reissued an "overweight" rating on shares of NU in a research report on Friday, June 13th. Itau BBA Securities raised shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 target price on the stock in a research report on Monday. JPMorgan Chase & Co. lifted their target price on shares of NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, June 30th. Susquehanna raised their price target on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Wednesday, May 14th. Finally, Barclays raised their price target on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, NU presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.78.

NU Trading Down 1.6%

NU stock traded down $0.2110 during mid-day trading on Tuesday, hitting $13.1190. The company's stock had a trading volume of 69,775,768 shares, compared to its average volume of 57,122,645. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market cap of $63.22 billion, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of 0.74 and a beta of 1.05. The business has a 50 day moving average price of $12.79 and a 200-day moving average price of $12.15. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. NU had a net margin of 17.90% and a return on equity of 31.42%. The firm had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.78 billion. During the same quarter in the previous year, the company earned $0.12 earnings per share. As a group, analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.