Nu Holdings Ltd. $NU Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its holdings in Nu Holdings Ltd. (NYSE:NU) by 1.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 10,242,185 shares of the company’s stock after selling 196,114 shares during the quarter. Fisher Asset Management LLC’s holdings in NU were worth $171,454,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Clearstead Advisors LLC grew its stake in shares of NU by 38.9% in the 4th quarter. Clearstead Advisors LLC now owns 3,587 shares of the company’s stock worth $60,000 after purchasing an additional 1,004 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of NU in the 4th quarter worth approximately $1,142,000. Prospera Financial Services Inc acquired a new position in shares of NU in the 4th quarter worth approximately $1,738,000. Coldstream Capital Management Inc. grew its stake in shares of NU by 23.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 33,629 shares of the company’s stock worth $563,000 after purchasing an additional 6,431 shares during the last quarter. Finally, Life Cycle Investment Partners Ltd acquired a new position in shares of NU in the 4th quarter worth approximately $43,337,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Performance

Shares of NU opened at $12.74 on Tuesday. Nu Holdings Ltd. has a one year low of $11.71 and a one year high of $18.98. The company has a 50-day moving average of $14.09 and a two-hundred day moving average of $15.74. The stock has a market cap of $61.84 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 0.51 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.

NU (NYSE:NU) last announced its 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). NU had a return on equity of 30.91% and a net margin of 18.20%.The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.06 billion. On average, equities research analysts expect that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NU. Susquehanna lifted their price objective on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research note on Tuesday, January 27th. Bank of America reaffirmed a “neutral” rating on shares of NU in a research note on Monday, March 9th. UBS Group lowered their price objective 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. Zacks Research cut shares of NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Finally, Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.39.

Insider Activity

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s 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 directly owned 2,312,338 shares in the company, valued at $34,245,725.78. This trade represents a 11.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Anita M. Sands sold 21,000 shares of the firm’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 sale, 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 SEC filing for this sale provides additional information. Company insiders own 1.20% of the company’s stock.

NU 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.