Barings LLC Sells 527,648 Shares of Nu Holdings Ltd. $NU

Barings LLC lowered its holdings in Nu Holdings Ltd. (NYSE:NU) by 33.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,056,857 shares of the company’s stock after selling 527,648 shares during the quarter. Barings LLC’s holdings in NU were worth $15,187,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NU. Maxi Investments CY Ltd lifted its holdings in shares of NU by 85.5% in the fourth quarter. Maxi Investments CY Ltd now owns 783,000 shares of the company’s stock valued at $13,107,000 after purchasing an additional 361,000 shares in the last quarter. C WorldWide Group Holding A S boosted its position in shares of NU by 1,045.3% during the fourth quarter. C WorldWide Group Holding A S now owns 311,792 shares of the company’s stock valued at $5,219,000 after buying an additional 284,569 shares during the last quarter. Vanguard Group Inc. grew its holdings in NU by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 24,814,878 shares of the company’s stock worth $415,401,000 after buying an additional 1,037,438 shares in the last quarter. Genoa Capital Gestora de Recursos Ltda. bought a new stake in NU during the fourth quarter worth $3,869,000. Finally, Danske Bank A S raised its position in NU by 515.0% in the 4th quarter. Danske Bank A S now owns 5,074,732 shares of the company’s stock valued at $84,951,000 after buying an additional 4,249,632 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Price Performance

Shares of NYSE:NU opened at $13.78 on Friday. The company has a market capitalization of $66.92 billion, a P/E ratio of 21.20, a price-to-earnings-growth ratio of 0.56 and a beta of 0.95. The company’s 50-day moving average is $12.89 and its 200 day moving average is $14.79. 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 data 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). The company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. On average, equities research analysts forecast that Nu Holdings Ltd. will post 0.83 earnings per share for the current year.

NU declared that its Board of Directors has authorized a stock repurchase plan on Thursday, June 4th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at NU

In related news, Director Anita M. Sands sold 21,000 shares of NU stock in a transaction that occurred 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 sale, the director 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 document filed with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on NU shares. Susquehanna cut NU from a “positive” rating to a “neutral” rating and dropped their price objective for the company from $18.00 to $13.00 in a research note on Wednesday, June 3rd. Scotiabank lowered 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. CICC Research assumed coverage on shares of NU in a report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 target price for the company. UBS Group dropped their price target on shares of NU from $18.10 to $16.90 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Finally, Zacks Research cut shares of NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.24.

NU Company 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.