12 West Capital Management LP Has $3.10 Million Stake in Nu Holdings Ltd. $NU

12 West Capital Management LP decreased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 32.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 185,000 shares of the company’s stock after selling 90,000 shares during the period. NU makes up 0.4% of 12 West Capital Management LP’s holdings, making the stock its 17th largest position. 12 West Capital Management LP’s holdings in NU were worth $3,097,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. 9823 Capital L.P. bought a new stake in NU during the 4th quarter valued at approximately $483,000. EdgePoint Investment Group Inc. boosted its stake in NU by 25.3% during the 4th quarter. EdgePoint Investment Group Inc. now owns 17,012 shares of the company’s stock valued at $285,000 after purchasing an additional 3,439 shares during the period. Abel Hall LLC bought a new stake in NU during the 4th quarter valued at approximately $272,000. EFG International AG bought a new stake in NU during the 4th quarter valued at approximately $636,000. Finally, Atmos Capital Gestao DE Recursos LTDA. lifted its position in shares of NU by 109.1% in the 4th quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 29,813,810 shares of the company’s stock worth $499,083,000 after acquiring an additional 15,552,726 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Trading Up 1.2%

NU stock opened at $12.87 on Thursday. The business has a fifty day moving average price of $13.49 and a 200 day moving average price of $15.30. Nu Holdings Ltd. has a fifty-two week low of $11.20 and a fifty-two week high of $18.98. The stock has a market capitalization of $62.48 billion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 0.51 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 (NYSE:NU) last issued 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). The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. Analysts expect that Nu Holdings Ltd. will post 0.84 EPS for the current fiscal year.

NU announced that its Board of Directors has approved a share repurchase program on Thursday, June 4th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $14.81, for a total value 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 at the SEC website. Also, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 162,150 shares in the company, valued at approximately $1,984,716. This represents a 11.47% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on NU. CICC Research began coverage on NU in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price objective for the company. Susquehanna downgraded NU from a “positive” rating to a “neutral” rating and reduced their price objective for the stock from $18.00 to $13.00 in a research report on Wednesday, June 3rd. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. UBS Group reduced their price objective on NU from $18.10 to $16.90 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Finally, Zacks Research downgraded NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Nine analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.08.

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.