Angeles Investment Advisors LLC Has $486,000 Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Angeles Investment Advisors LLC lowered its position in shares of Nu Holdings Ltd. (NYSE:NU) by 32.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,619 shares of the company’s stock after selling 16,930 shares during the quarter. Angeles Investment Advisors LLC’s holdings in NU were worth $486,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Aptus Capital Advisors LLC increased its position in NU by 14.0% during the third quarter. Aptus Capital Advisors LLC now owns 17,064 shares of the company’s stock worth $233,000 after acquiring an additional 2,099 shares during the period. Aigen Investment Management LP acquired a new position in shares of NU during the 3rd quarter worth approximately $814,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of NU by 83.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,839,210 shares of the company’s stock worth $188,905,000 after purchasing an additional 6,313,657 shares during the period. Baillie Gifford & Co. raised its position in shares of NU by 13.0% in the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock valued at $2,867,912,000 after buying an additional 24,140,416 shares in the last quarter. Finally, INCA Investments LLC boosted its stake in shares of NU by 27.9% in the third quarter. INCA Investments LLC now owns 481,360 shares of the company’s stock valued at $6,571,000 after buying an additional 105,114 shares during the period. Institutional investors and hedge funds own 80.90% of the company’s stock.

Analyst Ratings Changes

NU has been the subject of several analyst reports. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a report on Friday, August 2nd. Barclays upped 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. Susquehanna reissued a “positive” rating and issued a $16.00 target price on shares of NU in a report on Thursday, August 15th. JPMorgan Chase & Co. upped their price target on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Finally, Bank of America lifted their price objective on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $15.21.

NU Price Performance

Shares of NYSE:NU traded down $0.01 during trading on Wednesday, hitting $15.83. 2,741,374 shares of the company were exchanged, compared to its average volume of 31,756,422. Nu Holdings Ltd. has a 1-year low of $7.74 and a 1-year high of $16.15. The company has a market capitalization of $75.44 billion, a P/E ratio of 51.06, a price-to-earnings-growth ratio of 0.72 and a beta of 1.13. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $14.43 and its 200-day moving average is $13.15.

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 analysts’ consensus estimates of $0.10 by $0.02. NU had a return on equity of 27.00% and a net margin of 15.11%. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the prior year, the firm earned $0.05 EPS. Equities analysts forecast that Nu Holdings Ltd. will post 0.41 earnings per share for the current 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.