Clear Street Group Inc. Takes Position in Nu Holdings Ltd. $NU

Clear Street Group Inc. purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 49,976 shares of the company’s stock, valued at approximately $837,000.

Several other large investors have also made changes to their positions in NU. EverSource Wealth Advisors LLC boosted its holdings in shares of NU by 63.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after purchasing an additional 1,464 shares in the last quarter. Jump Financial LLC lifted its position in shares of NU by 541.8% during the 2nd quarter. Jump Financial LLC now owns 185,434 shares of the company’s stock worth $2,544,000 after buying an additional 156,539 shares during the last quarter. WINTON GROUP Ltd lifted its position in shares of NU by 38.5% during the 2nd quarter. WINTON GROUP Ltd now owns 37,156 shares of the company’s stock worth $510,000 after buying an additional 10,332 shares during the last quarter. AXA S.A. boosted its stake in NU by 1.4% in the second quarter. AXA S.A. now owns 192,311 shares of the company’s stock valued at $2,639,000 after buying an additional 2,682 shares in the last quarter. Finally, Nebula Research & Development LLC grew its position in NU by 63.7% in the second quarter. Nebula Research & Development LLC now owns 19,937 shares of the company’s stock valued at $274,000 after acquiring an additional 7,760 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

NU has been the topic of a number of research analyst reports. Susquehanna downgraded shares of NU from a “positive” rating to a “neutral” rating and reduced their price target for the company from $18.00 to $13.00 in a research note on Wednesday, June 3rd. 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, May 20th. Bank of America restated an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. Weiss Ratings downgraded shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Finally, Scotiabank downgraded NU to a “sector perform” rating and set a $13.00 price objective on the stock. in a report on Wednesday, June 3rd. Nine analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $17.08.

Insider Activity

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $14.81, for a total value of $4,443,000.00. Following the sale, the chief executive officer owned 2,312,338 shares in the company, valued at approximately $34,245,725.78. The trade was a 11.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value of $257,040.00. Following the completion of the sale, the director directly 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 disclosure for this sale is available in the SEC filing.

NU Trading Up 2.1%

NU opened at $12.45 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.58 and a quick 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. The company’s 50 day moving average price is $13.54 and its two-hundred day moving average price is $15.37. The firm has a market capitalization of $60.43 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 0.49 and a beta of 0.95.

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

NU declared that its Board of Directors has initiated a share buyback program on Thursday, June 4th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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.