Artisan Partners Limited Partnership Has $139.98 Million Position in Nu Holdings Ltd. $NU

Artisan Partners Limited Partnership cut its position in Nu Holdings Ltd. (NYSE:NU) by 20.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,361,955 shares of the company’s stock after selling 2,093,917 shares during the quarter. Artisan Partners Limited Partnership’s holdings in NU were worth $139,979,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. &PARTNERS boosted its stake in NU by 5.6% in the 4th quarter. &PARTNERS now owns 24,503 shares of the company’s stock valued at $411,000 after purchasing an additional 1,304 shares during the period. Blair William & Co. IL boosted its stake in NU by 3.4% in the 4th quarter. Blair William & Co. IL now owns 45,014 shares of the company’s stock valued at $754,000 after purchasing an additional 1,481 shares during the period. Magnetar Financial LLC bought a new stake in NU in the 4th quarter valued at $300,000. Militia Capital Partners LP bought a new stake in NU in the 4th quarter valued at $1,339,000. Finally, Adalta Capital Management LLC lifted its position in shares of NU by 2.2% during the 4th quarter. Adalta Capital Management LLC now owns 183,100 shares of the company’s stock valued at $3,065,000 after acquiring an additional 3,900 shares during the period. 84.02% of the stock is currently owned by institutional investors.

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 stock was sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the completion of the sale, the chief executive officer owned 2,312,338 shares of the company’s stock, 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 document filed with the SEC, which is available at 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 stock was sold at an average price of $12.24, for a total value of $257,040.00. Following the sale, the director directly owned 162,150 shares of the company’s stock, valued at $1,984,716. This represents a 11.47% decrease in their position. The disclosure for this sale is available in the SEC filing.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. CICC Research assumed coverage on NU in a research report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price for the company. Bank of America restated an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. Weiss Ratings downgraded NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Zacks Research downgraded NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Scotiabank downgraded NU to a “sector perform” rating and set a $13.00 target price for the company. in a research report on Wednesday, June 3rd. Nine equities research 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.08.

NU Price Performance

Shares of NU opened at $12.74 on Wednesday. Nu Holdings Ltd. has a 1 year low of $11.20 and a 1 year high of $18.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $61.85 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 0.50 and a beta of 0.95. The business has a 50-day moving average of $13.51 and a 200-day moving average of $15.33.

NU (NYSE:NU) last released its 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 return on equity of 30.91% and a net margin of 18.20%.The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.06 billion. As a group, equities research analysts anticipate that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.

NU announced that its board has approved a stock repurchase program on Thursday, June 4th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors 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.