Madison Asset Management LLC Has $3.12 Million Holdings in Nu Holdings Ltd. $NU

Madison Asset Management LLC raised its holdings in Nu Holdings Ltd. (NYSE:NU) by 63.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 217,448 shares of the company’s stock after acquiring an additional 84,230 shares during the period. Madison Asset Management LLC’s holdings in NU were worth $3,125,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NU. Caitong International Asset Management Co. Ltd lifted its holdings in shares of NU by 14,810.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after acquiring an additional 1,481 shares during the last quarter. LOM Asset Management Ltd bought a new stake in shares of NU during the 4th quarter valued at approximately $25,000. Zions Bancorporation National Association UT bought a new stake in shares of NU during the 4th quarter valued at approximately $27,000. Cornerstone Planning Group LLC increased its position in NU by 5,448.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after purchasing an additional 1,580 shares in the last quarter. Finally, Morse Asset Management Inc bought a new position in NU in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on NU shares. JPMorgan Chase & Co. upped their price target on shares of NU from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Zacks Research cut NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Bank of America reiterated an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. CICC Research began coverage on NU in a report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price target on the stock. Finally, UBS Group dropped their price objective 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. Ten investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.24.

NU Stock Up 2.8%

NU stock opened at $14.38 on Wednesday. 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 Holdings Ltd. has a 52-week low of $11.20 and a 52-week high of $18.98. The firm has a 50 day moving average price of $12.92 and a two-hundred day moving average price of $14.73. The firm has a market cap of $69.85 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 0.56 and a beta of 0.95.

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 net margin of 18.20% and a return on equity of 30.91%. The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.06 billion. Equities analysts predict that Nu Holdings Ltd. will post 0.83 EPS for the current year.

NU announced that its board has approved a stock repurchase program on Thursday, June 4th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Anita M. Sands sold 21,000 shares of NU stock in a transaction dated 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 transaction, the director directly owned 162,150 shares of the company’s stock, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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.