Angeles Investment Advisors LLC Sells 16,930 Shares of Nu Holdings Ltd. (NYSE:NU)

Angeles Investment Advisors LLC cut its stake in Nu Holdings Ltd. (NYSE:NU) by 32.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 35,619 shares of the company’s stock after selling 16,930 shares during the period. Angeles Investment Advisors LLC’s holdings in NU were worth $486,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NU. Allspring Global Investments Holdings LLC boosted its stake in shares of NU by 179.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,841 shares of the company’s stock valued at $105,000 after purchasing an additional 5,672 shares during the last quarter. Hamilton Lane Advisors LLC lifted its holdings in NU by 97.8% in the first quarter. Hamilton Lane Advisors LLC now owns 500,791 shares of the company’s stock valued at $5,974,000 after buying an additional 247,642 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in NU during the first quarter valued at $1,610,000. SG Americas Securities LLC acquired a new stake in NU during the 1st quarter worth about $1,790,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of NU in the 1st quarter worth about $133,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

NU Stock Down 0.1 %

Shares of NYSE:NU traded down $0.01 during midday trading on Wednesday, hitting $15.83. 2,741,374 shares of the company’s stock were exchanged, compared to its average volume of 31,756,422. Nu Holdings Ltd. has a 12 month low of $7.74 and a 12 month high of $16.15. The company has a market cap of $75.44 billion, a PE ratio of 51.06, a price-to-earnings-growth ratio of 0.72 and a beta of 1.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a 50 day moving average price of $14.43 and a 200-day moving average price of $13.15.

NU (NYSE:NU) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same period in the prior year, the business posted $0.05 earnings per share. On average, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NU. JPMorgan Chase & Co. upped their target price on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Barclays raised their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Bank of America boosted their target price on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Susquehanna reissued a “positive” rating and set a $16.00 target price on shares of NU in a research note on Thursday, August 15th. Finally, UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price target for the company. in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.21.

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.