Sterling Capital Management LLC Has $1.19 Million Stake in Nu Holdings Ltd. $NU

Sterling Capital Management LLC trimmed its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 40.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 82,598 shares of the company’s stock after selling 57,184 shares during the quarter. Sterling Capital Management LLC’s holdings in NU were worth $1,187,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NU. LOM Asset Management Ltd bought a new stake in shares of NU during the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd grew its stake in shares of NU by 14,810.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after purchasing an additional 1,481 shares during the period. Cornerstone Planning Group LLC increased its holdings 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 last quarter. Zions Bancorporation National Association UT acquired a new position in NU in the fourth quarter valued at about $27,000. Finally, Morse Asset Management Inc bought a new position in NU during the fourth quarter worth about $31,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Performance

Shares of NU opened at $13.10 on Tuesday. 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 twelve month low of $11.20 and a twelve month high of $18.98. The firm’s 50 day moving average price is $13.14 and its two-hundred day moving average price is $15.05. The firm has a market cap of $63.59 billion, a P/E ratio of 20.15, a PEG ratio of 0.53 and a beta of 0.95.

NU (NYSE:NU) last released 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). NU had a net margin of 18.20% and a return on equity of 30.91%. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.06 billion. On average, analysts forecast that Nu Holdings Ltd. will post 0.83 EPS for the current fiscal year.

NU declared that its board has authorized a stock repurchase program on Thursday, June 4th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. CICC Research began coverage on NU in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price target for the company. Scotiabank downgraded shares of NU to a “sector perform” rating and set a $13.00 target price for the company. in a research note on Wednesday, June 3rd. Susquehanna cut shares of NU from a “positive” rating to a “neutral” rating and reduced their price target for the stock from $18.00 to $13.00 in a research report on Wednesday, June 3rd. UBS Group lowered their price objective on shares of NU from $18.10 to $16.90 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Finally, Weiss Ratings lowered NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Ten research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.07.

Insider Buying and Selling

In related news, Director Anita M. Sands sold 21,000 shares of the company’s stock in a transaction on 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. This represents a 11.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

NU Profile

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.