Nu Holdings Ltd. $NU Stock: Hosking Partners LLP Raises Position

Hosking Partners LLP grew its position in Nu Holdings Ltd. (NYSE:NU) by 22.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,120,626 shares of the company’s stock after purchasing an additional 208,948 shares during the period. Hosking Partners LLP’s holdings in NU were worth $14,187,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NU. Milestones Administradora de Recursos Ltda. lifted its holdings in shares of NU by 7.6% during the 3rd quarter. Milestones Administradora de Recursos Ltda. now owns 3,393,059 shares of the company’s stock valued at $42,956,000 after buying an additional 238,945 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of NU by 76.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 11,755 shares of the company’s stock valued at $149,000 after buying an additional 5,094 shares in the last quarter. Benchmark Financial Wealth Advisors LLC bought a new stake in shares of NU in the 3rd quarter valued at approximately $135,000. Robeco Institutional Asset Management B.V. grew its stake in shares of NU by 28.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 15,250,682 shares of the company’s stock valued at $193,074,000 after buying an additional 3,415,141 shares in the last quarter. Finally, Diversify Advisory Services LLC increased its holdings in NU by 6.4% in the third quarter. Diversify Advisory Services LLC now owns 61,587 shares of the company’s stock worth $780,000 after buying an additional 3,721 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Stock Performance

NU opened at $15.05 on Thursday. The firm has a market capitalization of $73.10 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 0.62 and a beta of 0.95. The stock’s 50 day moving average price is $14.56 and its two-hundred day moving average price is $13.94. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.35. Nu Holdings Ltd. has a 12-month low of $11.20 and a 12-month high of $18.98.

NU (NYSE:NU) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.22 EPS for the quarter. NU had a return on equity of 31.59% and a net margin of 18.65%. The company had revenue of $5.88 billion during the quarter. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.86 earnings per share for the current year.

Insider Activity at NU

In related news, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the transaction, the insider owned 979,446 shares of the company’s stock, valued at approximately $15,485,041.26. The trade was a 18.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Cristina Junqueira sold 25,000 shares of the business’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $15.01, for a total transaction of $375,250.00. Following the transaction, the chief executive officer directly owned 4,877,593 shares in the company, valued at $73,212,670.93. This trade represents a 0.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 386,707 shares of company stock valued at $6,001,588 over the last three months. 1.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Rothschild & Co Redburn set a $19.00 price objective on shares of NU in a research report on Monday, September 28th. JPMorgan Chase & Co. lifted their target price on shares of NU from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, October 6th. Wolfe Research reduced their target price on shares of NU from $18.00 to $17.00 and set an “outperform” rating for the company in a research note on Tuesday, August 25th. Susquehanna boosted their target price on shares of NU from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. Finally, Weiss Ratings downgraded shares of NU from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Nine research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, NU presently has an average rating of “Moderate Buy” and an average target price of $18.12.

NU Company Profile

Nubank (NYSE: NU) is a digital financial services company headquartered in São Paulo, Brazil. Founded in 2013, the company was established to simplify banking through technology and expand access to financial services in markets traditionally served by large, conventional institutions.

Nubank offers a range of consumer and business products, including digital bank accounts, credit cards, personal loans, payment services, investment products and insurance. Its platform is designed to allow customers to manage accounts, payments and other financial products through mobile applications and other digital channels.

The company primarily serves customers in Brazil, Mexico and Colombia.