Nu Holdings Ltd. $NU Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its stake in shares of Nu Holdings Ltd. (NYSE:NUFree Report) by 5.6% in the second quarter, Holdings Channel reports. The firm owned 2,770,572 shares of the company’s stock after buying an additional 146,764 shares during the period. Handelsbanken Fonder AB’s holdings in NU were worth $37,015,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. LOM Asset Management Ltd purchased a new position in NU in the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd increased its stake in NU by 14,810.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after buying an additional 1,481 shares in the last quarter. Cornerstone Planning Group LLC raised its holdings in shares of 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 during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of NU during the fourth quarter valued at approximately $27,000. Finally, Morse Asset Management Inc purchased a new position in shares of NU in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

Insider Activity

In other NU news, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction on 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 sale, the director directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NU. Susquehanna lowered NU from a “positive” rating to a “neutral” rating and lowered their price target for the stock from $18.00 to $13.00 in a research note on Wednesday, June 3rd. Scotiabank lowered NU to a “sector perform” rating and set a $13.00 price objective on the stock. in a report on Wednesday, June 3rd. CICC Research started coverage on shares of NU in a research note on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price on the stock. JPMorgan Chase & Co. upped their target price on shares of NU from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Finally, Bank of America reissued an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.24.

View Our Latest Analysis on NU

NU Price Performance

NU stock opened at $13.65 on Wednesday. Nu Holdings Ltd. has a 1 year low of $11.20 and a 1 year high of $18.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market capitalization of $66.27 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 0.55 and a beta of 0.94. The business has a 50 day simple moving average of $13.37 and a 200-day simple moving average of $14.43.

NU (NYSE:NUGet Free Report) last announced 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). The company had revenue of $5.32 billion for 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%. Equities research analysts anticipate that Nu Holdings Ltd. will post 0.83 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 buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

NU Company Profile

(Free Report)

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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Institutional Ownership by Quarter for NU (NYSE:NU)

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