Rathbones Group PLC Grows Holdings in Nu Holdings Ltd. $NU

Rathbones Group PLC raised its position in Nu Holdings Ltd. (NYSE:NU) by 30.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 194,281 shares of the company’s stock after buying an additional 45,557 shares during the period. Rathbones Group PLC’s holdings in NU were worth $3,252,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in shares of NU by 63.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock worth $52,000 after purchasing an additional 1,464 shares in the last quarter. Jump Financial LLC increased its stake in shares of NU by 541.8% during the second quarter. Jump Financial LLC now owns 185,434 shares of the company’s stock worth $2,544,000 after purchasing an additional 156,539 shares in the last quarter. WINTON GROUP Ltd increased its stake in shares of NU by 38.5% during the second quarter. WINTON GROUP Ltd now owns 37,156 shares of the company’s stock worth $510,000 after purchasing an additional 10,332 shares in the last quarter. AXA S.A. increased its stake in shares of NU by 1.4% during the second quarter. AXA S.A. now owns 192,311 shares of the company’s stock worth $2,639,000 after purchasing an additional 2,682 shares in the last quarter. Finally, Nebula Research & Development LLC increased its stake in shares of NU by 63.7% during the second quarter. Nebula Research & Development LLC now owns 19,937 shares of the company’s stock worth $274,000 after purchasing an additional 7,760 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Down 3.2%

Shares of NYSE NU opened at $12.74 on Friday. Nu Holdings Ltd. has a 12-month low of $11.71 and a 12-month high of $18.98. The stock has a market cap of $61.84 billion, a PE ratio of 19.59, a P/E/G ratio of 0.53 and a beta of 1.01. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $14.11 and a 200 day moving average of $15.77.

NU (NYSE:NU) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. As a group, sell-side analysts predict that Nu Holdings Ltd. will post 0.84 EPS for the current fiscal year.

Insider Activity

In other NU news, Director Anita M. Sands sold 21,000 shares of the business’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 $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 is available through the SEC website. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the business’s 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 completion of the transaction, the chief executive officer owned 2,312,338 shares in the company, valued at $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. Insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on NU shares. Zacks Research cut shares of NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Susquehanna upped their price objective on shares of NU from $19.00 to $22.00 and gave the company a “positive” rating in a research note on Tuesday, January 27th. Weiss Ratings cut shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Bank of America reaffirmed a “neutral” rating on shares of NU in a research note on Monday, March 9th. Finally, UBS Group dropped their price objective on shares of NU from $18.10 to $16.90 and set a “buy” rating for the company in a research note on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.