Militia Capital Partners LP purchased a new stake in shares of Nu Holdings Ltd. (NYSE:NU – Free Report) in the fourth quarter, Holdings Channel reports. The firm purchased 80,000 shares of the company’s stock, valued at approximately $1,339,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in NU by 63.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock worth $52,000 after acquiring an additional 1,464 shares during the last quarter. Jump Financial LLC boosted its holdings in NU by 541.8% during the 2nd quarter. Jump Financial LLC now owns 185,434 shares of the company’s stock worth $2,544,000 after acquiring an additional 156,539 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in NU by 38.5% during the 2nd quarter. WINTON GROUP Ltd now owns 37,156 shares of the company’s stock worth $510,000 after acquiring an additional 10,332 shares during the last quarter. AXA S.A. boosted its holdings in NU by 1.4% during the 2nd quarter. AXA S.A. now owns 192,311 shares of the company’s stock worth $2,639,000 after acquiring an additional 2,682 shares during the last quarter. Finally, Nebula Research & Development LLC boosted its holdings in NU by 63.7% during the 2nd quarter. Nebula Research & Development LLC now owns 19,937 shares of the company’s stock worth $274,000 after acquiring an additional 7,760 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.
Insider Transactions at NU
In related news, Director Anita M. Sands sold 21,000 shares of the business’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 of the company’s stock, valued at approximately $1,984,716. The trade was a 11.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $4,443,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,312,338 shares in the company, valued at $34,245,725.78. This trade represents a 11.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on NU
NU Price Performance
Shares of NYSE:NU opened at $12.74 on Wednesday. The company’s 50-day moving average is $13.51 and its 200 day moving average is $15.33. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $61.85 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 0.50 and a beta of 0.95. Nu Holdings Ltd. has a fifty-two week low of $11.20 and a fifty-two week high of $18.98.
NU (NYSE:NU – Get Free Report) last issued its quarterly earnings results 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 company had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. On average, equities research analysts forecast that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.
NU announced that its Board of Directors has initiated a share buyback plan on Thursday, June 4th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is 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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