Systrade AG lifted its position in Nu Holdings Ltd. (NYSE:NU – Free Report) by 1,300.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 140,000 shares of the company’s stock after purchasing an additional 130,000 shares during the period. NU comprises 0.9% of Systrade AG’s portfolio, making the stock its 8th largest holding. Systrade AG’s holdings in NU were worth $1,772,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of NU by 8.6% during the 1st quarter. Bank of America Corp DE now owns 45,966,932 shares of the company’s stock valued at $660,545,000 after buying an additional 3,656,945 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in NU by 17.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 32,535,091 shares of the company’s stock worth $467,529,000 after buying an additional 4,944,618 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in NU by 53.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 28,310,084 shares of the company’s stock valued at $473,911,000 after acquiring an additional 9,893,940 shares during the period. Maverick Capital Ltd. raised its holdings in NU by 91.6% during the first quarter. Maverick Capital Ltd. now owns 22,444,311 shares of the company’s stock valued at $322,525,000 after acquiring an additional 10,729,747 shares during the period. Finally, Squadra Investments Gestao DE Recursos LTDA. lifted its position in shares of NU by 266.8% in the first quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 22,312,501 shares of the company’s stock valued at $320,631,000 after acquiring an additional 16,229,515 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. Susquehanna upped their price objective on NU from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, August 14th. UBS Group lifted their target price on NU from $16.90 to $18.20 and gave the company a “buy” rating in a research note on Thursday, August 20th. Rothschild & Co Redburn set a $19.00 price target on NU in a report on Monday, September 28th. Weiss Ratings downgraded NU from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 price objective on shares of NU in a report on Monday, September 28th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, NU currently has an average rating of “Moderate Buy” and a consensus price target of $18.29.
Insider Buying and Selling at NU
In other NU news, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the completion of the transaction, the insider owned 979,446 shares in the company, valued at $15,485,041.26. This trade represents a 18.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Cristina Junqueira sold 65,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $14.71, for a total transaction of $956,150.00. Following the completion of the sale, the chief executive officer owned 2,542,083 shares in the company, valued at approximately $37,394,040.93. This trade represents a 2.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 386,707 shares of company stock valued at $6,001,588 in the last quarter. 1.20% of the stock is owned by company insiders.
NU Price Performance
Shares of NU stock traded up $0.74 during trading on Friday, reaching $16.12. 76,022,313 shares of the stock traded hands, compared to its average volume of 64,842,457. Nu Holdings Ltd. has a 52-week low of $11.20 and a 52-week high of $18.98. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.55 and a quick ratio of 0.55. The business has a fifty day simple moving average of $14.36 and a two-hundred day simple moving average of $13.88. The company has a market capitalization of $78.26 billion, a price-to-earnings ratio of 21.78, a P/E/G ratio of 0.64 and a beta of 0.95.
NU (NYSE:NU – Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $0.22 EPS for the quarter. NU had a return on equity of 31.59% and a net margin of 18.65%.The company had revenue of $5.88 billion for the quarter. Sell-side analysts expect that Nu Holdings Ltd. will post 0.86 EPS for the current year.
NU Company Profile
Nu Holdings Ltd., operating under the Nubank brand, is a digital financial services company that provides banking and payment products primarily through mobile applications. The company offers digital accounts, credit cards, personal loans, payment services, investment products and insurance, serving consumers and small businesses.
Nubank was founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible with the goal of expanding access to simpler, lower-cost financial services through technology.
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