Kapitalo Investimentos Ltda Invests $10 Million in Nu Holdings Ltd. $NU

Kapitalo Investimentos Ltda acquired a new stake in Nu Holdings Ltd. (NYSE:NU) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 696,041 shares of the company’s stock, valued at approximately $10,002,000. NU accounts for 1.9% of Kapitalo Investimentos Ltda’s investment portfolio, making the stock its 18th largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC boosted its stake in NU by 4.8% in the 4th quarter. Sowell Financial Services LLC now owns 12,952 shares of the company’s stock worth $217,000 after buying an additional 599 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of NU by 3.7% during the 4th quarter. Parallel Advisors LLC now owns 16,820 shares of the company’s stock valued at $282,000 after acquiring an additional 601 shares during the last quarter. MBM Wealth Consultants LLC increased its stake in shares of NU by 1.2% during the 4th quarter. MBM Wealth Consultants LLC now owns 50,284 shares of the company’s stock valued at $842,000 after acquiring an additional 607 shares during the last quarter. Cornerstone Wealth Group LLC lifted its holdings in shares of NU by 1.2% during the 4th quarter. Cornerstone Wealth Group LLC now owns 51,724 shares of the company’s stock worth $866,000 after acquiring an additional 621 shares during the period. Finally, Aptus Capital Advisors LLC lifted its holdings in shares of NU by 3.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 19,008 shares of the company’s stock worth $318,000 after acquiring an additional 624 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NU shares. UBS Group lowered their target price on shares of NU from $18.10 to $16.90 and set a “buy” rating for the company in a report on Wednesday, May 20th. JPMorgan Chase & Co. increased their price target on shares of NU from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Needham & Company LLC assumed coverage on shares of NU in a report on Friday, June 26th. They issued a “buy” rating and a $17.00 price target on the stock. Susquehanna cut shares of NU from a “positive” rating to a “neutral” rating and lowered their price objective for the company from $18.00 to $13.00 in a research note on Wednesday, June 3rd. Finally, Bank of America restated an “underperform” rating on shares of NU in a report on Tuesday, June 2nd. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.24.

NU Stock Up 3.2%

Shares of NYSE:NU opened at $14.03 on Tuesday. The stock has a 50-day simple moving average of $12.90 and a 200-day simple moving average of $14.75. The stock has a market capitalization of $68.13 billion, a P/E ratio of 21.59, a PEG ratio of 0.54 and a beta of 0.95. 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 quick ratio of 0.58 and a current ratio of 0.58.

NU (NYSE:NU) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. Equities analysts forecast that Nu Holdings Ltd. will post 0.83 earnings per share for the current year.

NU announced that its Board of Directors has approved a stock repurchase plan on Thursday, June 4th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other NU news, Director Anita M. Sands sold 21,000 shares of the business’s 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 transaction, the director owned 162,150 shares in the company, valued at $1,984,716. The trade was a 11.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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.