71 West Capital Partners Invests $10.69 Million in Nu Holdings Ltd. $NU

71 West Capital Partners purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 638,683 shares of the company’s stock, valued at approximately $10,692,000.

A number of other hedge funds have also modified their holdings of the business. Alberta Investment Management Corp grew its holdings in shares of NU by 3,647.5% during the 4th quarter. Alberta Investment Management Corp now owns 670,800 shares of the company’s stock worth $11,229,000 after purchasing an additional 652,900 shares during the period. Faithward Advisors LLC purchased a new position in shares of NU during the 4th quarter worth $2,601,000. University of Texas Texas AM Investment Management Co. purchased a new position in NU during the 4th quarter valued at about $1,097,000. OMERS ADMINISTRATION Corp purchased a new position in NU during the 4th quarter valued at about $227,000. Finally, Senator Investment Group LP boosted its holdings in NU by 12.2% during the 4th quarter. Senator Investment Group LP now owns 2,200,000 shares of the company’s stock valued at $36,828,000 after acquiring an additional 239,798 shares during the period. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Price Performance

NU stock opened at $12.45 on Tuesday. 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 firm has a market capitalization of $60.43 billion, a P/E ratio of 19.15, a P/E/G ratio of 0.49 and a beta of 0.95. The business’s 50-day moving average is $13.54 and its two-hundred day moving average is $15.37. Nu Holdings Ltd. has a 1 year low of $11.20 and a 1 year high of $18.98.

NU (NYSE:NU) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $5.32 billion during 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%. Analysts anticipate that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.

NU announced that its Board of Directors has authorized a stock repurchase program on Thursday, June 4th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Insider Transactions at NU

In other NU news, Director Anita M. Sands sold 21,000 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $12.24, for a total value 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer directly owned 2,312,338 shares in the company, valued at $34,245,725.78. This trade represents a 11.48% decrease in their position. The disclosure for this sale is available in the SEC filing.

Analyst Ratings Changes

A number of equities analysts recently commented on NU shares. Scotiabank cut NU to a “sector perform” rating and set a $13.00 target price for the company. in a report on Wednesday, June 3rd. UBS Group lowered their target price on NU from $18.10 to $16.90 and set a “buy” rating for the company in a report on Wednesday, May 20th. Bank of America restated an “underperform” rating on shares of NU in a report on Tuesday, June 2nd. Weiss Ratings cut NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Finally, Itau BBA Securities restated an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Nine research 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.08.

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.