Nu Holdings Ltd. $NU Shares Purchased by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise grew its position in Nu Holdings Ltd. (NYSE:NU) by 47.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 369,609 shares of the company’s stock after purchasing an additional 119,281 shares during the period. Banque Cantonale Vaudoise’s holdings in NU were worth $5,311,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Maxi Investments CY Ltd increased its holdings in shares of NU by 85.5% during the fourth quarter. Maxi Investments CY Ltd now owns 783,000 shares of the company’s stock valued at $13,107,000 after purchasing an additional 361,000 shares during the period. C WorldWide Group Holding A S lifted its holdings in NU by 1,045.3% in the fourth quarter. C WorldWide Group Holding A S now owns 311,792 shares of the company’s stock worth $5,219,000 after purchasing an additional 284,569 shares during the period. Vanguard Group Inc. lifted its holdings in NU by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 24,814,878 shares of the company’s stock worth $415,401,000 after purchasing an additional 1,037,438 shares during the period. Genoa Capital Gestora de Recursos Ltda. bought a new position in NU in the 4th quarter valued at about $3,869,000. Finally, Blue Owl Capital Holdings LP bought a new position in NU in the 3rd quarter valued at about $2,784,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. CICC Research initiated coverage on shares of NU in a research note on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price on the stock. Scotiabank lowered shares of NU to a “sector perform” rating and set a $13.00 price target for the company. in a research note on Wednesday, June 3rd. UBS Group decreased their price objective on shares of NU from $18.10 to $16.90 and set a “buy” rating for the company in a report on Wednesday, May 20th. Weiss Ratings lowered shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Finally, Susquehanna cut 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, June 3rd. Nine research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $17.08.

NU Stock Performance

NYSE:NU opened at $12.45 on Thursday. Nu Holdings Ltd. has a twelve month low of $11.20 and a twelve month high of $18.98. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $13.29 and a 200-day moving average of $15.13. The firm has a market cap of $60.44 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 0.50 and a beta of 0.95.

NU (NYSE:NU) last released its earnings results on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NU had a return on equity of 30.91% and a net margin of 18.20%.The business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.06 billion. Analysts forecast that Nu Holdings Ltd. will post 0.83 earnings per share for the current fiscal year.

NU announced that its board has authorized a stock repurchase program on Thursday, June 4th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other NU news, Director Anita M. Sands sold 21,000 shares of NU stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $12.24, for a total value of $257,040.00. Following the transaction, the director owned 162,150 shares in the company, valued at approximately $1,984,716. The trade was a 11.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

NU Company 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.