Syon Capital LLC boosted its stake in shares of Nu Holdings Ltd. (NYSE:NU – Free Report) by 116.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 160,800 shares of the company’s stock after acquiring an additional 86,482 shares during the period. Syon Capital LLC’s holdings in NU were worth $2,692,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. LOM Asset Management Ltd purchased a new position in NU during the fourth quarter valued at $25,000. Cornerstone Planning Group LLC grew its stake in NU by 5,448.3% during the fourth 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 in the last quarter. Morse Asset Management Inc purchased a new position in NU during the fourth quarter valued at $31,000. Fifth Third Bancorp grew its stake in NU by 433.0% during the fourth 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 in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in NU by 63.5% during the second 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 in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. Zacks Research cut shares of NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Bank of America reissued an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. Weiss Ratings cut shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Finally, CICC Research assumed coverage on shares of NU in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price objective for the company. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, NU 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. Nu Holdings Ltd. has a 52 week low of $11.20 and a 52 week high of $18.98. The stock has a market capitalization of $58.10 billion, a P/E ratio of 18.41, a PEG ratio of 0.48 and a beta of 0.95. The firm has a fifty day simple moving average of $13.79 and a two-hundred day simple moving average of $15.53. 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:NU – Get Free Report) last issued its quarterly earnings data 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 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 expect that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.
NU announced that its board has initiated a stock buyback 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. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
Insider Activity
In other news, 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 value of $4,443,000.00. Following the completion of the sale, the chief executive officer owned 2,312,338 shares in the company, valued at approximately $34,245,725.78. This trade represents a 11.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction dated 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 sale, the director owned 162,150 shares of the company’s stock, valued at $1,984,716. This trade represents a 11.47% decrease in their position. The SEC filing for this sale provides additional information.
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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