Banque Cantonale Vaudoise Sells 61,510 Shares of Nu Holdings Ltd. $NU

Banque Cantonale Vaudoise lessened its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 19.7% during the 4th quarter, Holdings Channel reports. The fund owned 250,328 shares of the company’s stock after selling 61,510 shares during the period. Banque Cantonale Vaudoise’s holdings in NU were worth $4,191,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LOM Asset Management Ltd bought a new stake in NU during the 4th quarter valued at $25,000. Cornerstone Planning Group LLC boosted its position 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 worth $27,000 after purchasing an additional 1,580 shares in the last quarter. Morse Asset Management Inc acquired a new stake in shares of NU in the 4th quarter worth $31,000. Fifth Third Bancorp boosted its position in shares of NU by 433.0% in the 4th quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock worth $33,000 after purchasing an additional 1,615 shares in the last quarter. Finally, VSM Wealth Advisory LLC boosted its position in shares of NU by 1,000.0% in the 3rd quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company’s stock worth $53,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NU. Zacks Research cut NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. CICC Research began coverage on NU in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price objective for the company. UBS Group lowered their price objective on NU from $18.10 to $16.90 and set a “buy” rating for the company in a research report on Wednesday. Susquehanna raised their price objective on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings cut NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.39.

NU Stock Performance

Shares of NU stock opened at $12.79 on Thursday. The firm has a market capitalization of $62.09 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 0.50 and a beta of 1.01. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.58 and a quick ratio of 0.58. The business has a fifty day moving average of $14.18 and a 200 day moving average of $15.81. Nu Holdings Ltd. has a 1 year low of $11.71 and a 1 year high of $18.98.

NU (NYSE:NU) last issued its earnings results on Friday, May 15th. The company reported $0.19 earnings per share (EPS) 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%. As a group, research analysts expect that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction on 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 owned 162,150 shares in the company, valued at $1,984,716. This trade represents a 11.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was 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 $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. Company insiders own 1.20% of the company’s stock.

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.