Deepwater Asset Management LLC lifted its stake in shares of Nu Holdings Ltd. (NYSE:NU – Free Report) by 11.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 997,890 shares of the company’s stock after buying an additional 105,994 shares during the period. NU accounts for approximately 4.9% of Deepwater Asset Management LLC’s holdings, making the stock its largest position. Deepwater Asset Management LLC’s holdings in NU were worth $16,705,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. O Shaughnessy Asset Management LLC raised its stake in shares of NU by 43.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 216,966 shares of the company’s stock worth $3,632,000 after buying an additional 65,320 shares during the last quarter. CenterBook Partners LP raised its stake in shares of NU by 360.8% during the fourth quarter. CenterBook Partners LP now owns 233,562 shares of the company’s stock worth $3,910,000 after buying an additional 182,878 shares during the last quarter. Fiera Capital Corp raised its stake in shares of NU by 101.6% during the fourth quarter. Fiera Capital Corp now owns 1,199,583 shares of the company’s stock worth $20,081,000 after buying an additional 604,657 shares during the last quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised its stake in shares of NU by 7.1% during the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 154,510 shares of the company’s stock worth $2,586,000 after buying an additional 10,210 shares during the last quarter. Finally, Clearbridge Investments LLC bought a new stake in shares of NU during the fourth quarter worth approximately $54,935,000. 84.02% of the stock is owned by institutional investors.
Insider Buying and Selling at NU
In other news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the 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 owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. This represents a 11.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anita M. Sands sold 21,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $12.24, for a total transaction of $257,040.00. Following 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. Additional details regarding this sale are available in the official SEC disclosure.
Analysts Set New Price Targets
View Our Latest Analysis on NU
NU Stock Down 0.0%
Shares of NU stock opened at $11.97 on Monday. The firm has a fifty day moving average of $13.79 and a 200-day 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 Holdings Ltd. has a 12-month low of $11.20 and a 12-month high of $18.98. The company has a market capitalization 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.
NU (NYSE:NU – Get Free Report) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.19 earnings per share (EPS) 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 company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.06 billion. As a group, equities research analysts predict that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.
NU declared that its Board of Directors has approved a stock buyback program on Thursday, June 4th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is 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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