LTS Liquid Investments LLC bought a new position in Nu Holdings Ltd. (NYSE:NU – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 748,367 shares of the company’s stock, valued at approximately $12,528,000. NU accounts for approximately 11.9% of LTS Liquid Investments LLC’s investment portfolio, making the stock its 5th biggest holding.
Several other large investors have also added to or reduced their stakes in NU. LOM Asset Management Ltd bought a new position in NU in the 4th quarter worth about $25,000. Cornerstone Planning Group LLC boosted its position in shares of NU by 5,448.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock valued at $27,000 after acquiring an additional 1,580 shares during the last quarter. Morse Asset Management Inc bought a new stake in shares of NU during the 4th quarter valued at about $31,000. Fifth Third Bancorp boosted its position in shares of NU by 433.0% during the 4th quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock valued at $33,000 after acquiring an additional 1,615 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of NU by 63.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after acquiring an additional 1,464 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Zacks Research downgraded NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. UBS Group dropped their price target on NU from $18.10 to $16.90 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. CICC Research assumed coverage on NU in a research report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price target for the company. Finally, Weiss Ratings downgraded NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Ten investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.08.
NU Stock Performance
Shares of NYSE NU opened at $11.97 on Monday. The stock has a market cap of $58.10 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 0.48 and a beta of 0.95. 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 $11.20 and a 1-year high of $18.98. The stock’s 50-day moving average is $13.79 and its 200 day moving average is $15.53.
NU (NYSE:NU – Get Free Report) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. On average, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.84 EPS for the current fiscal year.
NU declared that its Board of Directors has authorized a share buyback plan on Thursday, June 4th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.
Insider Transactions at NU
In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $14.81, for a total transaction 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 approximately $34,245,725.78. This trade represents a 11.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 directly owned 162,150 shares in the company, valued at approximately $1,984,716. This represents a 11.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.
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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