Nomura Asset Management Co. Ltd. Sells 61,193 Shares of Nu Holdings Ltd. $NU

Nomura Asset Management Co. Ltd. trimmed its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,887,606 shares of the company’s stock after selling 61,193 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in NU were worth $31,599,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. LOM Asset Management Ltd acquired a new position in shares of NU in the fourth quarter valued at about $25,000. Cornerstone Planning Group LLC grew its stake in shares of NU by 5,448.3% in 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 in the last quarter. Morse Asset Management Inc acquired a new position in shares of NU in the fourth quarter valued at about $31,000. Fifth Third Bancorp grew its stake in shares of NU by 433.0% in the fourth quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock valued at $33,000 after acquiring an additional 1,615 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of NU by 63.5% in the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after acquiring an additional 1,464 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NU. Weiss Ratings downgraded shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Bank of America restated a “neutral” rating on shares of NU in a research note on Monday, March 9th. Itau BBA Securities restated an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. UBS Group decreased their price target on shares of NU from $18.10 to $16.90 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Finally, Zacks Research downgraded shares of NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.39.

NU Trading Down 1.3%

NU opened at $12.97 on Tuesday. Nu Holdings Ltd. has a twelve month low of $11.71 and a twelve month high of $18.98. The company has a 50-day simple moving average of $13.98 and a 200 day simple moving average of $15.64. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $62.95 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 0.52 and a beta of 0.95.

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

Insider Transactions at NU

In other news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the stock in a transaction dated Monday, March 23rd. The shares were 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 of the company’s stock, valued at approximately $34,245,725.78. This represents a 11.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anita M. Sands sold 21,000 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $12.24, for a total transaction of $257,040.00. Following the completion of the transaction, 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 SEC filing for this sale provides additional information.

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.