Nu Holdings Ltd. $NU Shares Bought by Cache Advisors LLC

Cache Advisors LLC boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 87.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 271,662 shares of the company’s stock after purchasing an additional 126,416 shares during the period. NU comprises approximately 0.6% of Cache Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. Cache Advisors LLC’s holdings in NU were worth $4,548,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Canton Hathaway LLC acquired a new position in NU during the fourth quarter valued at $67,000. Oak Thistle LLC acquired a new position in NU in the fourth quarter valued at approximately $396,000. AMS Capital Ltda lifted its holdings in NU by 3.0% in the fourth quarter. AMS Capital Ltda now owns 1,846,332 shares of the company’s stock valued at $30,908,000 after acquiring an additional 53,779 shares during the period. Aaron Wealth Advisors LLC lifted its holdings in NU by 63.1% in the fourth quarter. Aaron Wealth Advisors LLC now owns 36,415 shares of the company’s stock valued at $610,000 after acquiring an additional 14,085 shares during the period. Finally, Rathbones Group PLC lifted its holdings in NU by 30.6% in the fourth quarter. Rathbones Group PLC now owns 194,281 shares of the company’s stock valued at $3,252,000 after acquiring an additional 45,557 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NU. The Goldman Sachs Group reissued a “buy” rating and issued a $21.00 price target on shares of NU in a report on Thursday, December 18th. Weiss Ratings upgraded shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. UBS Group upgraded shares of NU from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $17.20 to $17.60 in a research report on Thursday, March 19th. Zacks Research downgraded shares of NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Susquehanna upped their price objective on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research report on Tuesday, January 27th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.26.

NU Stock Up 2.5%

NU opened at $14.51 on Thursday. Nu Holdings Ltd. has a twelve month low of $9.75 and a twelve month high of $18.98. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average price of $15.53 and a 200 day moving average price of $16.07. The company has a market cap of $69.89 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 0.55 and a beta of 1.10.

NU (NYSE:NU) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. NU had a net margin of 18.19% and a return on equity of 30.68%. The firm had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.55 billion. Sell-side analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $14.81, for a total value of $4,443,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,312,338 shares of the company’s stock, valued at approximately $34,245,725.78. This represents a 11.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

NU Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.