Mount Yale Investment Advisors LLC Reduces Position in Nu Holdings Ltd. (NYSE:NU)

Mount Yale Investment Advisors LLC reduced its position in shares of Nu Holdings Ltd. (NYSE:NU) by 12.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 132,609 shares of the company’s stock after selling 18,003 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in NU were worth $1,810,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its position in shares of NU by 222.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 7,202,188 shares of the company’s stock worth $98,310,000 after buying an additional 4,969,101 shares during the last quarter. IFM Investors Pty Ltd purchased a new stake in NU in the third quarter worth $1,379,000. Signaturefd LLC bought a new stake in NU in the third quarter valued at $158,000. Sequoia Financial Advisors LLC purchased a new position in NU during the 3rd quarter valued at $172,000. Finally, Krane Funds Advisors LLC bought a new position in NU in the 3rd quarter worth $301,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Bank of America boosted their price target 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. Barclays increased their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Susquehanna restated a “positive” rating and set a $16.00 price target on shares of NU in a research report on Thursday, August 15th. The Goldman Sachs Group increased their price objective on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Finally, UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $15.21.

NU Stock Performance

Shares of NU stock opened at $14.94 on Friday. Nu Holdings Ltd. has a 1 year low of $7.74 and a 1 year high of $15.16. The firm’s 50-day moving average is $14.26 and its 200 day moving average is $12.77. The stock has a market cap of $71.20 billion, a price-to-earnings ratio of 48.19, a PEG ratio of 0.66 and a beta of 1.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49.

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