Nu Holdings Ltd. $NU Stock Holdings Cut by Sands Capital Alternatives LLC

Sands Capital Alternatives LLC trimmed its position in shares of Nu Holdings Ltd. (NYSE:NU) by 4.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,861,399 shares of the company’s stock after selling 314,035 shares during the quarter. NU comprises 22.2% of Sands Capital Alternatives LLC’s portfolio, making the stock its 2nd biggest holding. Sands Capital Alternatives LLC’s holdings in NU were worth $114,860,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of NU. LOM Asset Management Ltd purchased a new position in NU during the 4th quarter worth $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in NU by 14,810.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after acquiring an additional 1,481 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings in NU by 5,448.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after acquiring an additional 1,580 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in NU during the 4th quarter worth $27,000. Finally, Morse Asset Management Inc purchased a new position in NU during the 4th quarter worth $31,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NU has been the topic of a number of analyst reports. Bank of America reaffirmed an “underperform” rating on shares of NU in a report on Tuesday, June 2nd. Scotiabank downgraded shares of NU to a “sector perform” rating and set a $13.00 price objective on the stock. in a report on Wednesday, June 3rd. Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a report on Tuesday, March 17th. UBS Group cut their price objective on shares of NU from $18.10 to $16.90 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Finally, Zacks Research downgraded shares of NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.08.

NU Price Performance

NU opened at $12.16 on Monday. The firm has a market cap of $59.06 billion, a P/E ratio of 18.71, a PEG ratio of 0.49 and a beta of 0.95. The firm has a 50-day moving average of $13.58 and a 200 day moving average of $15.40. 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 fifty-two week low of $11.20 and a fifty-two week high of $18.98.

NU (NYSE:NU) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. On average, research analysts expect that Nu Holdings Ltd. will post 0.84 EPS for the current year.

NU declared that its board has authorized a stock buyback plan on Thursday, June 4th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Activity

In related news, Director Anita M. Sands sold 21,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $12.24, for a total transaction 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. This represents a 11.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the stock in a transaction dated 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 transaction, 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 SEC filing for this sale provides additional information.

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.