Nu Holdings Ltd. $NU Stock Position Decreased by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft trimmed its position in shares of Nu Holdings Ltd. (NYSE:NU) by 46.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 257,129 shares of the company’s stock after selling 226,729 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in NU were worth $3,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. LOM Asset Management Ltd acquired a new position in NU in the fourth quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd lifted its stake in NU by 14,810.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock valued at $25,000 after acquiring an additional 1,481 shares during the last quarter. Cornerstone Planning Group LLC grew its position in NU by 5,448.3% in the fourth 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 in the last quarter. Zions Bancorporation National Association UT bought a new stake in NU in the fourth quarter worth approximately $27,000. Finally, Morse Asset Management Inc acquired a new position in shares of NU during the 4th quarter worth $31,000. Institutional investors own 84.02% of the company’s stock.

Insider Buying and Selling

In related news, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director owned 162,150 shares in the company, valued at $1,984,716. This trade represents a 11.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Analysts Set New Price Targets

NU has been the topic of a number of recent research reports. Scotiabank downgraded shares of NU to a “sector perform” rating and set a $13.00 price target on the stock. in a report on Wednesday, June 3rd. Needham & Company LLC started coverage on shares of NU in a report on Friday, June 26th. They issued a “buy” rating and a $17.00 price objective for the company. Susquehanna downgraded shares of NU from a “positive” rating to a “neutral” rating and lowered their target price for the stock 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 report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. boosted their price target on NU from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.24.

NU Stock Up 3.2%

Shares of NU stock opened at $14.03 on Tuesday. Nu Holdings Ltd. has a 12 month low of $11.20 and a 12 month high of $18.98. The firm has a market cap of $68.13 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 0.54 and a beta of 0.95. The stock has a 50 day moving average of $12.90 and a 200-day moving average of $14.75. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.36.

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 the consensus estimate of $0.20 by ($0.01). NU had a return on equity of 30.91% and a net margin of 18.20%.The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.06 billion. On average, equities analysts predict that Nu Holdings Ltd. will post 0.83 EPS for the current year.

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

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.