Nu Holdings Ltd. $NU Shares Sold by Jordan Park Group LLC

Jordan Park Group LLC trimmed its position in shares of Nu Holdings Ltd. (NYSE:NU) by 56.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 854,421 shares of the company’s stock after selling 1,104,421 shares during the period. NU comprises approximately 0.8% of Jordan Park Group LLC’s investment portfolio, making the stock its 17th largest position. Jordan Park Group LLC’s holdings in NU were worth $14,303,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NU. Sowell Financial Services LLC boosted its stake in NU by 4.8% during the 4th quarter. Sowell Financial Services LLC now owns 12,952 shares of the company’s stock valued at $217,000 after acquiring an additional 599 shares during the last quarter. MBM Wealth Consultants LLC grew its holdings in NU by 1.2% during the 4th quarter. MBM Wealth Consultants LLC now owns 50,284 shares of the company’s stock worth $842,000 after acquiring an additional 607 shares in the last quarter. Cornerstone Wealth Group LLC grew its holdings in NU by 1.2% during the 4th quarter. Cornerstone Wealth Group LLC now owns 51,724 shares of the company’s stock worth $866,000 after acquiring an additional 621 shares in the last quarter. Euro Pacific Asset Management LLC grew its holdings in NU by 0.3% during the 4th quarter. Euro Pacific Asset Management LLC now owns 233,618 shares of the company’s stock worth $3,642,000 after acquiring an additional 708 shares in the last quarter. Finally, Wisconsin Capital Management LLC grew its holdings in NU by 1.1% during the 4th quarter. Wisconsin Capital Management LLC now owns 68,284 shares of the company’s stock worth $1,143,000 after acquiring an additional 737 shares in the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Trading Up 0.1%

NU stock opened at $13.15 on Monday. The firm’s 50-day moving average is $14.00 and its 200-day moving average is $15.66. 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 1 year low of $11.71 and a 1 year high of $18.98. The company has a market cap of $63.83 billion, a P/E ratio of 20.22, a PEG ratio of 0.52 and a beta of 0.95.

NU (NYSE:NU) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.19 earnings per share (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 during the quarter, compared to the consensus estimate of $5.06 billion. On average, equities analysts expect that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.

Insider Transactions at NU

In other news, Director Anita M. Sands sold 21,000 shares of the firm’s 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 transaction, the director directly owned 162,150 shares in the company, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was 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 in the company, valued at approximately $34,245,725.78. The trade was a 11.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NU shares. Bank of America reissued a “neutral” rating on shares of NU in a report on Monday, March 9th. Itau BBA Securities reissued an “outperform” rating on shares of NU in a report on Tuesday, March 17th. CICC Research started coverage on shares of NU in a report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price objective 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, UBS Group decreased their price objective 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. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.39.

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.