Leonteq Securities AG acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 67,029 shares of the company’s stock, valued at approximately $1,122,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in NU. Maxi Investments CY Ltd increased its position in shares of NU by 85.5% during the 4th quarter. Maxi Investments CY Ltd now owns 783,000 shares of the company’s stock worth $13,107,000 after purchasing an additional 361,000 shares in the last quarter. C WorldWide Group Holding A S increased its position in shares of NU by 1,045.3% during the 4th quarter. C WorldWide Group Holding A S now owns 311,792 shares of the company’s stock worth $5,219,000 after purchasing an additional 284,569 shares in the last quarter. Washington University increased its position in shares of NU by 1.5% during the 3rd quarter. Washington University now owns 10,566,927 shares of the company’s stock worth $169,177,000 after purchasing an additional 158,731 shares in the last quarter. Mawer Investment Management Ltd. acquired a new stake in shares of NU during the 3rd quarter worth about $10,829,000. Finally, WCM Investment Management LLC increased its position in shares of NU by 0.9% during the 3rd quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock worth $1,187,935,000 after purchasing an additional 659,526 shares in the last quarter. 84.02% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on NU shares. Weiss Ratings cut shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Susquehanna increased their target price on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research report on Tuesday, January 27th. Bank of America reiterated a “neutral” rating on shares of NU in a research report on Monday, March 9th. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. Finally, Zacks Research cut shares of NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, NU has a consensus rating of “Moderate Buy” and a consensus price target of $18.39.
NU Stock Up 3.2%
Shares of NYSE NU opened at $13.20 on Friday. The firm has a market capitalization of $64.07 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 0.52 and a beta of 1.01. 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 Holdings Ltd. has a 1 year low of $11.71 and a 1 year high of $18.98. The firm’s 50-day moving average is $14.15 and its 200-day moving average is $15.79.
NU (NYSE:NU – Get Free Report) last issued its 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 business had revenue of $5.32 billion during 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%. Equities analysts expect that Nu Holdings Ltd. will post 0.84 EPS for the current year.
Insider Activity
In other news, 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 transaction, the director owned 162,150 shares of the company’s stock, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 2,312,338 shares in the company, valued at $34,245,725.78. This trade represents a 11.48% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.20% of the stock is currently owned by company insiders.
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.
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