Natixis Advisors LLC lifted its stake in shares of Nu Holdings Ltd. (NYSE:NU – Free Report) by 6.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,203,605 shares of the company’s stock after purchasing an additional 69,253 shares during the quarter. Natixis Advisors LLC’s holdings in NU were worth $20,148,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in NU. Norges Bank bought a new stake in shares of NU during the 4th quarter valued at $763,792,000. Lone Pine Capital LLC bought a new stake in shares of NU during the 3rd quarter valued at $406,757,000. Jennison Associates LLC grew its position in NU by 82.6% during the fourth quarter. Jennison Associates LLC now owns 39,370,791 shares of the company’s stock worth $659,067,000 after buying an additional 17,809,644 shares in the last quarter. Marshall Wace LLP grew its position in NU by 98.4% during the third quarter. Marshall Wace LLP now owns 29,141,505 shares of the company’s stock worth $466,555,000 after buying an additional 14,449,834 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in NU by 276.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 18,416,144 shares of the company’s stock worth $294,842,000 after buying an additional 13,529,278 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.
Insider Activity at NU
In other news, Director Anita M. Sands sold 21,000 shares of the 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 completion of the transaction, the director owned 162,150 shares of the company’s stock, valued at approximately $1,984,716. This represents a 11.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the stock in a transaction that occurred on 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 completion of 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. The disclosure for this sale is available in the SEC filing. 1.20% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
NU Trading Down 1.3%
NYSE NU opened at $11.97 on Friday. Nu Holdings Ltd. has a fifty-two week low of $11.20 and a fifty-two week high of $18.98. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a 50 day simple moving average of $13.79 and a two-hundred day simple moving average of $15.53. The stock has a market cap of $58.10 billion, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 0.48 and a beta of 0.95.
NU (NYSE:NU – Get Free Report) last released its quarterly earnings data on Friday, May 15th. The company reported $0.19 earnings per share 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 during the quarter, compared to analysts’ expectations of $5.06 billion. On average, analysts forecast that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.
NU declared that its Board of Directors has initiated a stock repurchase program on Thursday, June 4th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.
About NU
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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