Commonwealth Equity Services LLC lessened its stake in Nu Holdings Ltd. (NYSE:NU – Free Report) by 16.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 356,078 shares of the company’s stock after selling 71,881 shares during the period. Commonwealth Equity Services LLC’s holdings in NU were worth $5,961,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Maxi Investments CY Ltd raised its stake in NU by 85.5% during the 4th quarter. Maxi Investments CY Ltd now owns 783,000 shares of the company’s stock valued at $13,107,000 after acquiring an additional 361,000 shares in the last quarter. C WorldWide Group Holding A S grew its holdings in shares of NU by 1,045.3% in the 4th quarter. C WorldWide Group Holding A S now owns 311,792 shares of the company’s stock worth $5,219,000 after acquiring an additional 284,569 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of NU by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 24,814,878 shares of the company’s stock worth $415,401,000 after acquiring an additional 1,037,438 shares during the last quarter. Genoa Capital Gestora de Recursos Ltda. acquired a new position in shares of NU in the 4th quarter worth $3,869,000. Finally, Blue Owl Capital Holdings LP acquired a new position in shares of NU in the 3rd quarter worth $2,784,000. Institutional investors and hedge funds own 84.02% of the company’s stock.
Insider Transactions at NU
In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the business’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 completion of the sale, the chief executive officer owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. The trade was a 11.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 162,150 shares of the company’s stock, valued at $1,984,716. This represents a 11.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.20% of the company’s stock.
Analyst Upgrades and Downgrades
NU Stock Performance
Shares of NYSE NU opened at $11.97 on Friday. The business’s 50-day moving average price is $13.79 and its two-hundred day moving average price is $15.53. 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 Holdings Ltd. has a one year low of $11.20 and a one year high of $18.98. The company has a market capitalization 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 issued its 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). NU had a net margin of 18.20% and a return on equity of 30.91%. The firm had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.06 billion. Analysts anticipate that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.
NU announced that its Board of Directors has authorized a share repurchase program on Thursday, June 4th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
NU Company 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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