Machina Capital S.A.S. Makes New Investment in Nu Holdings Ltd. $NU

Machina Capital S.A.S. bought a new position in Nu Holdings Ltd. (NYSE:NU) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 137,077 shares of the company’s stock, valued at approximately $1,735,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Matthews International Capital Management LLC grew its position in NU by 38.6% in the 3rd quarter. Matthews International Capital Management LLC now owns 698,766 shares of the company’s stock worth $8,846,000 after purchasing an additional 194,636 shares in the last quarter. 71 West Capital Partners lifted its position in shares of NU by 4.3% during the 3rd quarter. 71 West Capital Partners now owns 740,198 shares of the company’s stock worth $9,371,000 after buying an additional 30,561 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of NU by 9,298.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,445,477 shares of the company’s stock worth $19,210,000 after buying an additional 1,430,097 shares in the last quarter. Candriam S.C.A. boosted its stake in shares of NU by 616.0% in the 3rd quarter. Candriam S.C.A. now owns 2,484,400 shares of the company’s stock worth $31,567,000 after buying an additional 2,137,400 shares during the last quarter. Finally, Allen Investment Management LLC grew its holdings in shares of NU by 1.9% in the third quarter. Allen Investment Management LLC now owns 3,611,056 shares of the company’s stock valued at $45,716,000 after acquiring an additional 67,695 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NU. Monness Crespi & Hardt assumed coverage on NU in a research report on Monday, October 26th. They set a “buy” rating and a $20.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on NU from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 6th. Weiss Ratings upgraded NU from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $20.00 to $18.00 in a research note on Wednesday, September 16th. Finally, Wolfe Research reduced their price target on shares of NU from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, August 25th. Ten investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, NU presently has an average rating of “Moderate Buy” and an average price target of $18.25.

Key NU News

Investors following NU have been watching these news items:

• Positive Sentiment: Nu reported Q3 revenue of $6.26 billion, above analyst estimates of $5.96 billion. Zacks said earnings of $0.22 per share matched its consensus estimate, while another comparison put EPS one cent below expectations. Nu Holdings Q3 revenue beats as it embarks on global expansion
• Positive Sentiment: The company’s Q3 announcement highlighted its global expansion, potentially providing a longer-term growth opportunity, though the reports supplied limited detail. Nu Holdings Q3 financial results
• Negative Sentiment: Some coverage compared the $0.22 EPS result with a $0.23 estimate, indicating a slight earnings miss. Investors may also be weighing concerns about rising delinquencies discussed in pre-earnings commentary. Nu Holdings quarterly earnings results Nu Holdings earnings preview on delinquencies

Insider Activity at NU

In related news, CEO Cristina Junqueira sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $15.01, for a total transaction of $375,250.00. Following the sale, the chief executive officer directly owned 4,877,593 shares in the company, valued at approximately $73,212,670.93. This represents a 0.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 115,000 shares of company stock worth $1,706,400. Corporate insiders own 1.20% of the company’s stock.

NU Price Performance

NYSE NU opened at $11.85 on Friday. The company has a market cap of $57.52 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 0.51 and a beta of 0.97. Nu Holdings Ltd. has a 52 week low of $11.20 and a 52 week high of $18.98. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.35. The firm’s 50-day simple moving average is $13.81 and its two-hundred day simple moving average is $14.25.

NU (NYSE:NU) last posted its earnings results on Thursday, November 12th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $5.96 billion. NU had a return on equity of 31.59% and a net margin of 18.65%. During the same quarter in the previous year, the business earned $0.16 EPS. Research analysts predict that Nu Holdings Ltd. will post 0.85 earnings per share for the current year.

NU Company Profile

Nu Holdings Ltd., which operates under the Nubank brand, is a digital financial services company founded in Brazil in 2013. It provides banking and related services through mobile apps and other digital channels, with a focus on simplifying access to financial products. Its offerings include digital accounts, payment cards, credit products, personal loans, and investment services. The company also provides services to small businesses, with products and availability varying by country. Nu serves customers in Brazil, Mexico, and Colombia.