Hardman Johnston Global Advisors LLC Sells 4,500 Shares of Nu Holdings Ltd. (NYSE:NU)

Hardman Johnston Global Advisors LLC lessened its holdings in Nu Holdings Ltd. (NYSE:NU) by 13.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,880 shares of the company’s stock after selling 4,500 shares during the quarter. Hardman Johnston Global Advisors LLC’s holdings in NU were worth $394,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on NU shares. UBS Group lowered 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. JPMorgan Chase & Co. lifted their price objective on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Barclays upped their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. The Goldman Sachs Group lifted their price target on shares of NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Finally, Bank of America increased their price objective 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.21.

NU Stock Up 2.1 %

NU opened at $14.67 on Wednesday. The firm’s 50 day simple moving average is $14.35 and its two-hundred day simple moving average is $12.96. The company has a market capitalization of $69.92 billion, a PE ratio of 47.32, a PEG ratio of 0.65 and a beta of 1.13. Nu Holdings Ltd. has a 1-year low of $7.74 and a 1-year high of $15.98. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25.

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

NU Profile

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.