Alesco Advisors LLC An ESL Co Purchases New Position in Nu Holdings Ltd. $NU

Alesco Advisors LLC An ESL Co purchased a new stake in shares of Nu Holdings Ltd. (NYSE:NU) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 79,797 shares of the company’s stock, valued at approximately $1,147,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. LOM Asset Management Ltd bought a new stake in shares of NU in the 4th quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd lifted its stake in NU by 14,810.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after acquiring an additional 1,481 shares during the period. Cornerstone Planning Group LLC lifted its stake in NU by 5,448.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after acquiring an additional 1,580 shares during the period. Zions Bancorporation National Association UT bought a new stake in NU in the fourth quarter valued at $27,000. Finally, Morse Asset Management Inc bought a new stake in NU in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NU shares. CICC Research assumed coverage on shares of NU in a report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price objective for the company. Bank of America reaffirmed an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. boosted their price target on shares of NU from $18.00 to $20.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. UBS Group decreased their price target on shares of NU from $18.10 to $16.90 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Finally, Weiss Ratings lowered shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, NU currently has an average rating of “Moderate Buy” and an average target price of $17.24.

Insider Buying and Selling at NU

In other news, 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 completion of the transaction, the director directly owned 162,150 shares in the company, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NU Stock Up 2.8%

NYSE:NU opened at $14.38 on Wednesday. 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 firm’s 50-day moving average price is $12.92 and its 200-day moving average price is $14.73. The company has a market capitalization of $69.85 billion, a PE ratio of 22.13, a P/E/G ratio of 0.56 and a beta of 0.95. Nu Holdings Ltd. has a 1-year low of $11.20 and a 1-year high of $18.98.

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 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 business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.06 billion. On average, equities analysts predict that Nu Holdings Ltd. will post 0.83 EPS for the current fiscal year.

NU declared that its board has authorized a share buyback plan on Thursday, June 4th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.