Andra AP fonden Reduces Holdings in Nu Holdings Ltd. $NU

Andra AP fonden decreased its holdings in Nu Holdings Ltd. (NYSE:NU) by 45.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,474,600 shares of the company’s stock after selling 1,226,800 shares during the quarter. Andra AP fonden’s holdings in NU were worth $24,685,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in NU. EverSource Wealth Advisors LLC boosted its holdings in shares of NU by 63.5% in the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock worth $52,000 after buying an additional 1,464 shares during the last quarter. Jump Financial LLC boosted its holdings in shares of NU by 541.8% in the second quarter. Jump Financial LLC now owns 185,434 shares of the company’s stock worth $2,544,000 after buying an additional 156,539 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in shares of NU by 38.5% in the second quarter. WINTON GROUP Ltd now owns 37,156 shares of the company’s stock worth $510,000 after buying an additional 10,332 shares during the last quarter. AXA S.A. boosted its holdings in shares of NU by 1.4% in 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 during the last quarter. Finally, Nebula Research & Development LLC boosted 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 worth $274,000 after buying an additional 7,760 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Insider Activity at NU

In other news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of NU stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the sale, the chief executive officer owned 2,312,338 shares in the company, valued at $34,245,725.78. This trade represents a 11.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $257,040.00. Following the sale, the director owned 162,150 shares in the company, valued at approximately $1,984,716. The trade was a 11.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

NU has been the topic of a number of recent analyst reports. Zacks Research cut shares of NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Scotiabank cut shares of NU to a “sector perform” rating and set a $13.00 target price on the stock. in a research note on Wednesday, June 3rd. Itau BBA Securities restated an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. UBS Group decreased their target price on shares of NU from $18.10 to $16.90 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Finally, Bank of America restated an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.08.

NU Trading Up 3.7%

NU stock opened at $12.05 on Friday. The stock has a market cap of $58.51 billion, a P/E ratio of 18.54, a PEG ratio of 0.46 and a beta of 0.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.58 and a quick ratio of 0.58. Nu Holdings Ltd. has a 1 year low of $11.20 and a 1 year high of $18.98. The firm’s 50 day moving average price is $13.62 and its 200-day moving average price is $15.42.

NU (NYSE:NU) last released its quarterly earnings data 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). The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. On average, equities analysts predict 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 repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.