Fideuram Asset Management Ireland dac Invests $844,000 in Nu Holdings Ltd. $NU

Fideuram Asset Management Ireland dac acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 50,433 shares of the company’s stock, valued at approximately $844,000.

Other hedge funds have also recently added to or reduced their stakes in the company. LOM Asset Management Ltd bought a new position in NU during the 4th quarter worth $25,000. Cornerstone Planning Group LLC increased its stake in NU by 5,448.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after acquiring an additional 1,580 shares during the period. Morse Asset Management Inc bought a new position in NU during the 4th quarter worth $31,000. Fifth Third Bancorp increased its stake in NU by 433.0% during the 4th quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock worth $33,000 after acquiring an additional 1,615 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in NU by 63.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock worth $52,000 after acquiring an additional 1,464 shares during the period. Institutional investors own 84.02% of the company’s stock.

NU Trading Up 0.7%

Shares of NU opened at $13.15 on Friday. Nu Holdings Ltd. has a 52-week low of $11.71 and a 52-week high of $18.98. The business’s fifty day moving average is $14.00 and its 200-day moving average is $15.66. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $63.83 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 0.52 and a beta of 1.01.

NU (NYSE:NU) last released its quarterly earnings data on Friday, May 15th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). NU had a net margin of 18.20% and a return on equity of 30.91%. The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.06 billion. Equities analysts anticipate that Nu Holdings Ltd. will post 0.84 EPS for the current fiscal year.

Insider Buying and Selling at NU

In related news, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $12.24, for a total transaction of $257,040.00. Following the sale, the director owned 162,150 shares of the company’s stock, valued at $1,984,716. This trade represents a 11.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $14.81, for a total value of $4,443,000.00. Following the sale, the chief executive officer directly owned 2,312,338 shares in the company, valued at approximately $34,245,725.78. This trade represents a 11.48% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

NU has been the topic of a number of recent research reports. Zacks Research lowered NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. CICC Research initiated coverage on NU in a research note on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price objective on the stock. Weiss Ratings lowered NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Itau BBA Securities restated an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. Finally, UBS Group lowered their price objective on NU from $18.10 to $16.90 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.39.

About NU

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.