Nu Holdings Ltd. $NU is Squadra Investments Gestao DE Recursos LTDA.’s 2nd Largest Position

Squadra Investments Gestao DE Recursos LTDA. increased its holdings in Nu Holdings Ltd. (NYSE:NU) by 266.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,312,501 shares of the company’s stock after purchasing an additional 16,229,515 shares during the period. NU makes up about 35.9% of Squadra Investments Gestao DE Recursos LTDA.’s investment portfolio, making the stock its 2nd largest position. Squadra Investments Gestao DE Recursos LTDA.’s holdings in NU were worth $320,631,000 at the end of the most recent quarter.

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

NU Price Performance

NU stock opened at $14.49 on Tuesday. The stock has a market cap of $70.34 billion, a PE ratio of 22.29, a P/E/G ratio of 0.56 and a beta of 0.95. Nu Holdings Ltd. has a 12 month low of $11.20 and a 12 month high of $18.98. The company has a 50-day moving average price of $13.06 and a 200 day moving average price of $14.65. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36.

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 analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. Equities research analysts anticipate that Nu Holdings Ltd. will post 0.83 earnings per share for the current year.

NU declared that its Board of Directors has approved a stock buyback plan on Thursday, June 4th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at NU

In other news, Director Anita M. Sands sold 21,000 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,984,716. This represents a 11.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NU. Scotiabank cut NU to a “sector perform” rating and set a $13.00 price objective on the stock. in a research note on Wednesday, June 3rd. Weiss Ratings cut NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. UBS Group cut their target price on NU from $18.10 to $16.90 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Bank of America restated an “underperform” rating on shares of NU in a report on Tuesday, June 2nd. Finally, Needham & Company LLC started coverage on NU in a research report on Friday, June 26th. They issued a “buy” rating and a $17.00 price target for the company. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, NU presently has an average rating of “Moderate Buy” and an average target price of $17.24.

NU Company Profile

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.