Nu Holdings Ltd. $NU Shares Purchased by Capital International Investors

Capital International Investors boosted its position in Nu Holdings Ltd. (NYSE:NU) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,004,823 shares of the company’s stock after acquiring an additional 75,668 shares during the quarter. Capital International Investors owned 0.17% of NU worth $134,001,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NU. EverSource Wealth Advisors LLC boosted 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 during the last quarter. Jump Financial LLC raised its stake in shares of NU by 541.8% in the 2nd 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 during the period. WINTON GROUP Ltd raised its stake in shares of NU by 38.5% in the 2nd 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 during the period. AXA S.A. raised its stake in shares of NU by 1.4% in the 2nd quarter. AXA S.A. now owns 192,311 shares of the company’s stock valued at $2,639,000 after acquiring an additional 2,682 shares during the period. Finally, Nebula Research & Development LLC raised its stake in shares of NU by 63.7% in the 2nd quarter. Nebula Research & Development LLC now owns 19,937 shares of the company’s stock valued at $274,000 after acquiring an additional 7,760 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Down 3.2%

Shares of NU stock opened at $11.58 on Tuesday. The business has a 50-day moving average of $13.74 and a 200-day moving average of $15.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $56.25 billion, a PE ratio of 17.82, a P/E/G ratio of 0.48 and a beta of 0.95. Nu Holdings Ltd. has a 1-year low of $11.20 and a 1-year high of $18.98.

NU (NYSE:NU) last announced its earnings results 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). The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. As a group, equities analysts forecast that Nu Holdings Ltd. will post 0.84 EPS for the current fiscal year.

NU announced that its Board of Directors has authorized a stock repurchase plan on Thursday, June 4th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

NU has been the topic of several research reports. Susquehanna lowered NU from a “positive” rating to a “neutral” rating and cut their price objective for the company from $18.00 to $13.00 in a research report on Wednesday, June 3rd. Weiss Ratings lowered NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. UBS Group cut their price objective on NU from $18.10 to $16.90 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Zacks Research lowered NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, CICC Research initiated coverage on NU in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price objective on the stock. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.08.

Insider Activity

In other news, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $12.24, for a total transaction of $257,040.00. Following the completion of the sale, the director directly owned 162,150 shares in the company, valued at $1,984,716. This trade represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction dated 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 owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. This represents a 11.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

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.