Fideuram Intesa Sanpaolo Private Banking S.P.A. Acquires New Position in Nu Holdings Ltd. $NU

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 68,198 shares of the company’s stock, valued at approximately $1,142,000.

A number of other large investors also recently bought and sold shares of NU. Baillie Gifford & Co. raised its position in shares of NU by 2.3% during the 4th quarter. Baillie Gifford & Co. now owns 257,256,952 shares of the company’s stock valued at $4,306,481,000 after acquiring an additional 5,797,365 shares in the last quarter. State Street Corp boosted its holdings in NU by 0.3% in the third quarter. State Street Corp now owns 91,478,395 shares of the company’s stock worth $1,464,569,000 after purchasing an additional 239,660 shares during the period. WCM Investment Management LLC increased its stake in NU by 0.9% during the third quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock valued at $1,187,935,000 after purchasing an additional 659,526 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of NU by 82.6% during the fourth quarter. Jennison Associates LLC now owns 39,370,791 shares of the company’s stock worth $659,067,000 after purchasing an additional 17,809,644 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of NU by 5.0% in the 3rd quarter. Legal & General Group Plc now owns 30,176,407 shares of the company’s stock valued at $483,124,000 after buying an additional 1,430,827 shares during the period. Institutional investors own 84.02% of the company’s stock.

Insider Transactions at NU

In other news, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $12.24, for a total transaction of $257,040.00. Following the completion of the transaction, the director owned 162,150 shares in the company, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer owned 2,312,338 shares of the company’s stock, valued at approximately $34,245,725.78. This trade represents a 11.48% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NU. CICC Research began coverage on shares of NU in a research note on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price objective on the stock. Susquehanna raised their target price on NU from $19.00 to $22.00 and gave the company a “positive” rating in a research note on Tuesday, January 27th. Weiss Ratings cut shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Bank of America restated a “neutral” rating on shares of NU in a research note on Monday, March 9th. Finally, Itau BBA Securities reiterated an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.39.

NU Stock Performance

Shares of NYSE NU opened at $13.20 on Friday. Nu Holdings Ltd. has a 1 year low of $11.71 and a 1 year high of $18.98. The firm has a market cap of $64.07 billion, a P/E ratio of 20.30, a PEG ratio of 0.52 and a beta of 1.01. The stock has a fifty day moving average price of $14.15 and a two-hundred day moving average price of $15.79. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58.

NU (NYSE:NU) last posted 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). NU had a return on equity of 30.91% and a net margin of 18.20%.The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.06 billion. Research analysts forecast that Nu Holdings Ltd. will post 0.84 EPS for the current fiscal year.

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.