Clough Capital Partners L P grew its holdings in shares of Nu Holdings Ltd. (NYSE:NU – Free Report) by 130.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 116,337 shares of the company’s stock after purchasing an additional 65,882 shares during the quarter. Clough Capital Partners L P’s holdings in NU were worth $1,947,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in NU. EverSource Wealth Advisors LLC increased 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 purchasing an additional 1,464 shares during the last quarter. Jump Financial LLC increased its position in shares of NU by 541.8% during the 2nd quarter. Jump Financial LLC now owns 185,434 shares of the company’s stock valued at $2,544,000 after purchasing an additional 156,539 shares during the last quarter. WINTON GROUP Ltd increased its position in shares of NU by 38.5% during the 2nd quarter. WINTON GROUP Ltd now owns 37,156 shares of the company’s stock valued at $510,000 after purchasing an additional 10,332 shares during the last quarter. AXA S.A. increased its position in shares of NU by 1.4% during the 2nd quarter. AXA S.A. now owns 192,311 shares of the company’s stock valued at $2,639,000 after purchasing an additional 2,682 shares during the last quarter. Finally, Nebula Research & Development LLC increased its position in shares of NU by 63.7% during the 2nd quarter. Nebula Research & Development LLC now owns 19,937 shares of the company’s stock valued at $274,000 after purchasing an additional 7,760 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at NU
In other NU 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 value of $4,443,000.00. Following the completion of the transaction, the chief executive officer owned 2,312,338 shares in the company, valued at $34,245,725.78. This trade represents a 11.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $257,040.00. Following the completion of the transaction, 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 SEC filing for this sale provides additional information. 1.20% of the stock is currently owned by corporate insiders.
NU Stock Up 1.2%
NU (NYSE:NU – Get Free Report) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. As a group, equities research analysts predict that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.
NU declared that its Board of Directors has approved a stock repurchase program on Thursday, June 4th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. UBS Group decreased their target price on NU from $18.10 to $16.90 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Scotiabank lowered NU to a “sector perform” rating and set a $13.00 target price for the company. in a research report on Wednesday, June 3rd. Zacks Research lowered NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. CICC Research assumed coverage on NU in a research report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price for the company. Finally, Weiss Ratings lowered NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Nine 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.08.
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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