Nu Holdings Ltd. $NU Shares Sold by BBR Partners LLC

BBR Partners LLC cut its stake in Nu Holdings Ltd. (NYSE:NU) by 39.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,689 shares of the company’s stock after selling 129,406 shares during the period. BBR Partners LLC’s holdings in NU were worth $3,276,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NU. EverSource Wealth Advisors LLC raised its holdings in NU by 63.5% in the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after acquiring an additional 1,464 shares in the last quarter. Jump Financial LLC raised its holdings in NU by 541.8% in the second quarter. Jump Financial LLC now owns 185,434 shares of the company’s stock valued at $2,544,000 after acquiring an additional 156,539 shares in the last quarter. WINTON GROUP Ltd raised its holdings in NU by 38.5% in the second quarter. WINTON GROUP Ltd now owns 37,156 shares of the company’s stock valued at $510,000 after acquiring an additional 10,332 shares in the last quarter. AXA S.A. raised its holdings in shares of NU by 1.4% during the second quarter. AXA S.A. now owns 192,311 shares of the company’s stock worth $2,639,000 after purchasing an additional 2,682 shares during the period. Finally, Nebula Research & Development LLC raised its holdings in shares of NU by 63.7% during the second quarter. Nebula Research & Development LLC now owns 19,937 shares of the company’s stock worth $274,000 after purchasing an additional 7,760 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NU shares. CICC Research started coverage on shares of NU in a report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price on the stock. Bank of America reissued an “underperform” rating on shares of NU in a report on Tuesday. Susquehanna cut shares of NU from a “positive” rating to a “neutral” rating and dropped their target price for the stock from $18.00 to $13.00 in a report on Wednesday. UBS Group dropped their target price on shares of NU from $18.10 to $16.90 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Finally, Scotiabank cut shares of NU to a “sector perform” rating and set a $13.00 target price on the stock. in a report on Wednesday. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.08.

NU Stock Up 4.3%

NU stock opened at $12.15 on Friday. The company has a 50-day simple moving average of $13.84 and a 200-day simple moving average of $15.55. The firm has a market capitalization of $58.97 billion, a P/E ratio of 18.68, a P/E/G ratio of 0.46 and a beta of 0.95. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58. Nu Holdings Ltd. has a one year low of $11.20 and a one year high of $18.98.

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

NU declared that its Board of Directors has initiated a share buyback plan on Thursday, June 4th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, Director Anita M. Sands sold 21,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $12.24, for a total transaction of $257,040.00. Following the completion of the transaction, the director owned 162,150 shares in the company, valued at approximately $1,984,716. This represents a 11.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the transaction, the chief executive officer owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. This represents a 11.48% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.20% of the stock is currently owned by corporate insiders.

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.