577,977 Shares in Nu Holdings Ltd. $NU Acquired by Mizuho Markets Cayman LP

Mizuho Markets Cayman LP acquired a new position in Nu Holdings Ltd. (NYSE:NUFree Report) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 577,977 shares of the company’s stock, valued at approximately $9,675,000. NU accounts for about 0.5% of Mizuho Markets Cayman LP’s investment portfolio, making the stock its 28th biggest holding.

Several other institutional investors also recently modified their holdings of the stock. Sowell Financial Services LLC increased its position in shares of NU by 4.8% in the fourth quarter. Sowell Financial Services LLC now owns 12,952 shares of the company’s stock worth $217,000 after purchasing an additional 599 shares during the last quarter. MBM Wealth Consultants LLC increased its position in shares of NU by 1.2% in the fourth quarter. MBM Wealth Consultants LLC now owns 50,284 shares of the company’s stock worth $842,000 after purchasing an additional 607 shares during the last quarter. Cornerstone Wealth Group LLC increased its position in shares of NU by 1.2% in the fourth quarter. Cornerstone Wealth Group LLC now owns 51,724 shares of the company’s stock worth $866,000 after purchasing an additional 621 shares during the last quarter. Euro Pacific Asset Management LLC increased its position in shares of NU by 0.3% in the fourth quarter. Euro Pacific Asset Management LLC now owns 233,618 shares of the company’s stock worth $3,642,000 after purchasing an additional 708 shares during the last quarter. Finally, Wisconsin Capital Management LLC boosted its stake in NU by 1.1% in the fourth quarter. Wisconsin Capital Management LLC now owns 68,284 shares of the company’s stock worth $1,143,000 after buying an additional 737 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NU

In other NU news, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $12.24, for a total transaction of $257,040.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $14.81, for a total value of $4,443,000.00. Following the transaction, the chief executive officer directly owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. This represents a 11.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. UBS Group reduced their price target on shares of NU from $18.10 to $16.90 and set a “buy” rating on the stock in a research report on Wednesday. Susquehanna increased their price target on shares of NU from $19.00 to $22.00 and gave the company a “positive” rating in a research report on Tuesday, January 27th. Weiss Ratings cut shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. CICC Research assumed coverage on shares of NU in a research report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price target on the stock. 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 research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, NU currently has an average rating of “Moderate Buy” and an average price target of $18.39.

Read Our Latest Report on NU

NU Stock Performance

Shares of NU stock opened at $12.74 on Friday. The stock has a fifty day moving average of $14.11 and a 200 day moving average of $15.77. Nu Holdings Ltd. has a 52 week low of $11.71 and a 52 week high of $18.98. The firm has a market capitalization of $61.84 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 0.53 and a beta of 1.01. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.36.

NU (NYSE:NUGet Free Report) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. As a group, research analysts expect that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.

About NU

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nu Holdings Ltd. (NYSE:NUFree Report).

Institutional Ownership by Quarter for NU (NYSE:NU)

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