Arrowstreet Capital Limited Partnership Sells 13,507,693 Shares of Nu Holdings Ltd. $NU

Arrowstreet Capital Limited Partnership decreased its stake in Nu Holdings Ltd. (NYSE:NU) by 47.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,802,391 shares of the company’s stock after selling 13,507,693 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in NU were worth $212,710,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in NU by 63.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after purchasing an additional 1,464 shares in the last quarter. Jump Financial LLC boosted its stake in shares of NU by 541.8% during the 2nd quarter. Jump Financial LLC now owns 185,434 shares of the company’s stock worth $2,544,000 after acquiring an additional 156,539 shares in the last quarter. WINTON GROUP Ltd lifted its stake in 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 buying an additional 10,332 shares in the last quarter. AXA S.A. grew 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 buying an additional 2,682 shares in the last quarter. Finally, Nebula Research & Development LLC grew its holdings in shares of NU by 63.7% in the second quarter. Nebula Research & Development LLC now owns 19,937 shares of the company’s stock valued at $274,000 after purchasing an additional 7,760 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Performance

NYSE NU opened at $14.12 on Friday. 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 Holdings Ltd. has a fifty-two week low of $11.20 and a fifty-two week high of $18.98. The business has a fifty day moving average of $13.02 and a 200-day moving average of $14.69. The stock has a market cap of $68.54 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 0.57 and a beta of 0.95.

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

NU announced that its Board of Directors has authorized a share repurchase program on Thursday, June 4th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NU shares. Bank of America restated an “underperform” rating on shares of NU in a report on Tuesday, June 2nd. Susquehanna downgraded shares of NU from a “positive” rating to a “neutral” rating and decreased their target price for the stock from $18.00 to $13.00 in a research note on Wednesday, June 3rd. UBS Group dropped their price target on NU from $18.10 to $16.90 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Needham & Company LLC initiated coverage on NU in a research note on Friday, June 26th. They set a “buy” rating and a $17.00 price objective for the company. Finally, Weiss Ratings cut NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, NU has a consensus rating of “Moderate Buy” and an average price target of $17.24.

Insider Activity

In other NU news, Director Anita M. Sands sold 21,000 shares of the 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by 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.