Arrowstreet Capital Limited Partnership Raises Stock Position in Nu Holdings Ltd. $NU

Arrowstreet Capital Limited Partnership boosted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 53.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 28,310,084 shares of the company’s stock after buying an additional 9,893,940 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in NU were worth $473,911,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Aptus Capital Advisors LLC raised its stake in NU by 3.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 19,008 shares of the company’s stock worth $318,000 after purchasing an additional 624 shares during the period. Kestra Advisory Services LLC raised its stake in shares of NU by 44.2% in the 4th quarter. Kestra Advisory Services LLC now owns 75,507 shares of the company’s stock valued at $1,264,000 after acquiring an additional 23,162 shares during the period. Fortis Capital Management LLC raised its stake in shares of NU by 65.4% in the 4th quarter. Fortis Capital Management LLC now owns 28,441 shares of the company’s stock valued at $476,000 after acquiring an additional 11,242 shares during the period. Marshall Wace LLP raised its stake in shares of NU by 8.0% in the 4th quarter. Marshall Wace LLP now owns 31,476,485 shares of the company’s stock valued at $526,916,000 after acquiring an additional 2,334,980 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of NU by 2.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 830,667 shares of the company’s stock valued at $13,905,000 after acquiring an additional 16,448 shares during the period. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Trading Up 0.6%

Shares of NU stock opened at $12.16 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $59.06 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 0.49 and a beta of 0.95. The company has a 50 day moving average price of $13.58 and a 200 day moving average price of $15.40. Nu Holdings Ltd. has a fifty-two week low of $11.20 and a fifty-two week high of $18.98.

NU (NYSE:NU) last announced 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 business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. Equities research analysts predict that Nu Holdings Ltd. will post 0.84 EPS for the current fiscal year.

NU declared that its Board of Directors has authorized a share repurchase plan on Thursday, June 4th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

NU has been the topic of a number of research analyst reports. CICC Research initiated coverage on shares of NU in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price target on the stock. Bank of America reissued an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. UBS Group reduced their price target 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. Itau BBA Securities reissued an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. Finally, Zacks Research downgraded shares of NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Nine equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.08.

Insider Buying and Selling

In related news, Director Anita M. Sands sold 21,000 shares of NU stock in a transaction that occurred on Friday, May 15th. The shares were 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 approximately $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 accessible through this hyperlink. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of NU stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $14.81, for a total transaction 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. 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.