Nu Holdings Ltd. $NU Shares Acquired by Fairtree Asset Management Pty Ltd

Fairtree Asset Management Pty Ltd boosted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 60.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 166,845 shares of the company’s stock after acquiring an additional 62,851 shares during the period. NU comprises 1.3% of Fairtree Asset Management Pty Ltd’s investment portfolio, making the stock its 25th biggest holding. Fairtree Asset Management Pty Ltd’s holdings in NU were worth $2,793,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NU. LOM Asset Management Ltd purchased a new position in NU in the fourth quarter valued at approximately $25,000. Cornerstone Planning Group LLC increased its stake in 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 during the period. Morse Asset Management Inc acquired a new position in NU in the 4th quarter valued at about $31,000. Fifth Third Bancorp increased its holdings in shares of NU by 433.0% in the fourth quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock valued at $33,000 after purchasing an additional 1,615 shares during the period. Finally, VSM Wealth Advisory LLC increased its stake in NU by 1,000.0% in the 3rd quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company’s stock valued at $53,000 after buying an additional 3,000 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Performance

NU stock opened at $12.28 on Wednesday. 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 Holdings Ltd. has a 12-month low of $11.71 and a 12-month high of $18.98. The firm’s fifty day moving average price is $14.22 and its 200 day moving average price is $15.83. The company has a market capitalization of $59.60 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 0.50 and a beta of 1.01.

NU (NYSE:NU) last issued its quarterly 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 net margin of 18.20% and a return on equity of 30.91%. The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.06 billion. On average, research analysts forecast that Nu Holdings Ltd. will post 0.84 EPS for the current fiscal year.

Insider Transactions at NU

In other news, Director Anita M. Sands sold 21,000 shares of NU stock in a transaction dated 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 directly owned 162,150 shares of the company’s stock, valued at approximately $1,984,716. The trade was a 11.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. This represents a 11.48% decrease in their position. The SEC filing for this sale provides additional information.

Analyst Upgrades and Downgrades

NU has been the topic of several recent analyst reports. Bank of America reiterated a “neutral” rating on shares of NU in a research report on Monday, March 9th. Itau BBA Securities restated an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Susquehanna boosted their price target on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday, January 27th. Zacks Research lowered shares of NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, CICC Research started coverage on NU in a research report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price on the stock. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, NU has an average rating of “Moderate Buy” and a consensus price target of $18.46.

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.