Faithward Advisors LLC Takes $2.60 Million Position in Nu Holdings Ltd. $NU

Faithward Advisors LLC bought a new stake in Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, Holdings Channel reports. The institutional investor bought 155,374 shares of the company’s stock, valued at approximately $2,601,000.

A number of other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd increased 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 valued at $25,000 after purchasing an additional 1,481 shares in the last quarter. LOM Asset Management Ltd acquired a new stake in shares of NU in the fourth quarter valued at approximately $25,000. Zions Bancorporation National Association UT acquired a new stake in shares of NU in the fourth quarter valued at approximately $27,000. Cornerstone Planning Group LLC increased its holdings in shares of NU by 5,448.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock valued at $27,000 after purchasing an additional 1,580 shares in the last quarter. Finally, Morse Asset Management Inc acquired a new stake in shares of NU in the fourth quarter valued at approximately $31,000. Institutional investors own 84.02% of the company’s stock.

Insiders Place Their Bets

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of NU stock in a transaction 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 sale, the chief executive officer owned 2,312,338 shares of the company’s stock, valued at approximately $34,245,725.78. The trade was a 11.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anita M. Sands sold 21,000 shares of NU stock in a transaction 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 directly owned 162,150 shares of the company’s stock, valued at $1,984,716. This represents a 11.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group lowered their price target 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. Scotiabank lowered shares of NU to a “sector perform” rating and set a $13.00 price target for the company. in a report on Wednesday, June 3rd. CICC Research assumed coverage on shares of NU in a report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price target for the company. Weiss Ratings lowered shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Finally, Zacks Research lowered shares of NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Nine research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.08.

NU Price Performance

NU opened at $12.45 on Tuesday. The company has a fifty day moving average price of $13.54 and a two-hundred day moving average price of $15.37. 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 market capitalization of $60.43 billion, a PE ratio of 19.15, a P/E/G ratio of 0.49 and a beta of 0.95.

NU (NYSE:NU) last released its earnings results 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 return on equity of 30.91% and a net margin of 18.20%.The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.06 billion. As a group, analysts anticipate that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.

NU declared that its Board of Directors has initiated a stock repurchase plan on Thursday, June 4th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits 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 shares are undervalued.

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.