SurgoCap Partners LP lessened its position in shares of Nu Holdings Ltd. (NYSE:NU – Free Report) by 24.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,520,395 shares of the company’s stock after selling 3,485,034 shares during the period. NU makes up about 4.9% of SurgoCap Partners LP’s holdings, making the stock its 9th biggest position. SurgoCap Partners LP’s holdings in NU were worth $176,111,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Maxi Investments CY Ltd grew its stake in NU by 85.5% in the 4th quarter. Maxi Investments CY Ltd now owns 783,000 shares of the company’s stock worth $13,107,000 after buying an additional 361,000 shares in the last quarter. C WorldWide Group Holding A S grew its stake in 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 buying an additional 284,569 shares in the last quarter. Vanguard Group Inc. grew its stake in 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 buying an additional 1,037,438 shares in the last quarter. Genoa Capital Gestora de Recursos Ltda. purchased a new position in NU in the 4th quarter worth approximately $3,869,000. Finally, Blue Owl Capital Holdings LP purchased a new position in NU in the 3rd quarter worth approximately $2,784,000. Institutional investors own 84.02% of the company’s stock.
Wall Street Analysts Forecast Growth
NU has been the subject of a number of research reports. Itau BBA Securities reissued 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. Scotiabank cut shares of NU to a “sector perform” rating and set a $13.00 price target for the company. in a research note on Wednesday, June 3rd. CICC Research initiated coverage on shares of NU in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price target for the company. Finally, Bank of America reissued an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. Nine analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, NU presently has an average rating of “Moderate Buy” and a consensus price target of $17.08.
NU Price Performance
Shares of NU stock opened at $12.45 on Tuesday. 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 $60.43 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 0.49 and a beta of 0.95. The company has a fifty day moving average of $13.54 and a 200-day moving average of $15.37. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58.
NU (NYSE:NU – Get Free Report) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.19 earnings per share (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 business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.06 billion. Equities research analysts expect that Nu Holdings Ltd. will post 0.84 EPS for the current year.
NU announced that its Board of Directors has authorized a stock buyback plan on Thursday, June 4th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
Insiders Place Their Bets
In other news, Director Anita M. Sands sold 21,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $12.24, for a total value of $257,040.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the completion of the sale, the chief executive officer directly owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. This trade represents a 11.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.
NU 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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