Aubrey Capital Management Ltd Grows Position in Nu Holdings Ltd. (NYSE:NU)

Aubrey Capital Management Ltd lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 0.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,036,050 shares of the company’s stock after acquiring an additional 5,450 shares during the quarter. NU makes up about 5.4% of Aubrey Capital Management Ltd’s portfolio, making the stock its 7th biggest holding. Aubrey Capital Management Ltd’s holdings in NU were worth $14,142,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Massmutual Trust Co. FSB ADV boosted its position in NU by 287.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after purchasing an additional 1,422 shares during the period. GAMMA Investing LLC lifted its stake in shares of NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after buying an additional 815 shares during the last quarter. Carolina Wealth Advisors LLC bought a new stake in shares of NU during the 3rd quarter worth about $44,000. Toth Financial Advisory Corp acquired a new position in NU in the 3rd quarter valued at about $55,000. Finally, ORG Partners LLC bought a new position in NU in the 2nd quarter valued at about $54,000. 80.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a report on Thursday. Susquehanna lifted their price target on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday. Bank of America upped their price objective on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a report on Friday, August 2nd. Finally, KeyCorp boosted their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.96.

NU Stock Down 1.3 %

Shares of NYSE NU opened at $15.64 on Thursday. Nu Holdings Ltd. has a 52 week low of $7.74 and a 52 week high of $16.15. The stock’s fifty day moving average is $14.45 and its 200 day moving average is $13.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market capitalization of $74.54 billion, a P/E ratio of 50.45, a PEG ratio of 0.72 and a beta of 1.13.

NU (NYSE:NU) last issued its earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. NU had a net margin of 15.11% and a return on equity of 27.00%. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the company earned $0.05 EPS. Sell-side analysts forecast that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

About NU

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.