Nu Holdings Ltd. $NU Position Lowered by Barclays PLC

Barclays PLC decreased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 16.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,855,032 shares of the company’s stock after selling 1,933,990 shares during the period. Barclays PLC’s holdings in NU were worth $164,973,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Arrowstreet Capital Limited Partnership lifted its position in shares of NU by 53.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 28,310,084 shares of the company’s stock worth $473,911,000 after purchasing an additional 9,893,940 shares during the last quarter. Aptus Capital Advisors LLC lifted its position in shares of NU by 3.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 19,008 shares of the company’s stock worth $318,000 after purchasing an additional 624 shares during the last quarter. Kestra Advisory Services LLC lifted its position in shares of NU by 44.2% during the fourth quarter. Kestra Advisory Services LLC now owns 75,507 shares of the company’s stock worth $1,264,000 after purchasing an additional 23,162 shares during the last quarter. Fortis Capital Management LLC lifted its position in shares of NU by 65.4% during the fourth quarter. Fortis Capital Management LLC now owns 28,441 shares of the company’s stock worth $476,000 after purchasing an additional 11,242 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in NU by 8.0% during the fourth quarter. Marshall Wace LLP now owns 31,476,485 shares of the company’s stock worth $526,916,000 after acquiring an additional 2,334,980 shares during the period. Institutional investors own 84.02% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NU shares. Bank of America reiterated an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. Weiss Ratings lowered shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Susquehanna lowered shares of NU from a “positive” rating to a “neutral” rating and dropped their price objective for the stock from $18.00 to $13.00 in a research note on Wednesday, June 3rd. Finally, CICC Research started coverage on shares of NU in a research note on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price objective on the stock. Nine equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.08.

Insider Activity at NU

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anita M. Sands sold 21,000 shares of the firm’s 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 transaction, the director owned 162,150 shares in the company, valued at $1,984,716. This represents a 11.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

NU Price Performance

Shares of NYSE:NU opened at $12.45 on Tuesday. The firm’s 50 day moving average is $13.54 and its two-hundred day moving average is $15.37. Nu Holdings Ltd. has a 52 week low of $11.20 and a 52 week high of $18.98. The firm has a market capitalization of $60.43 billion, a P/E ratio of 19.15, a PEG ratio of 0.49 and a beta of 0.95. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36.

NU (NYSE:NU) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing the consensus estimate 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. Analysts anticipate that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.

NU announced that its Board of Directors has authorized a share buyback program on Thursday, June 4th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback 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.