Nu Holdings Ltd. $NU Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 1,198.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,964,591 shares of the company’s stock after buying an additional 7,351,167 shares during the quarter. SG Americas Securities LLC’s holdings in NU were worth $114,451,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. LOM Asset Management Ltd purchased a new stake in NU in the fourth quarter valued at $25,000. Caitong International Asset Management Co. Ltd raised its stake in shares of NU by 14,810.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock valued at $25,000 after buying an additional 1,481 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in shares of NU by 5,448.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock valued at $27,000 after buying an additional 1,580 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of NU in the 4th quarter valued at about $27,000. Finally, Morse Asset Management Inc acquired a new position in shares of NU in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Insider Transactions at NU

In other NU news, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $12.24, for a total value of $257,040.00. Following the sale, the director directly owned 162,150 shares of the company’s stock, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wall Street Analyst Weigh In

Several analysts recently commented on NU shares. CICC Research assumed coverage on NU in a report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price on the stock. Bank of America reissued an “underperform” rating on shares of NU in a report on Tuesday, June 2nd. Zacks Research lowered NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Susquehanna cut shares of NU from a “positive” rating to a “neutral” rating and dropped their price objective for the stock from $18.00 to $13.00 in a research note on Wednesday, June 3rd. Finally, Scotiabank lowered shares of NU to a “sector perform” rating and set a $13.00 target price for the company. in a report on Wednesday, June 3rd. Nine investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, NU presently has an average rating of “Moderate Buy” and a consensus price target of $17.08.

NU Trading Up 0.2%

NU stock opened at $12.73 on Monday. 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 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.36. The firm has a market cap of $61.83 billion, a P/E ratio of 19.59, a PEG ratio of 0.51 and a beta of 0.95. The company’s 50-day simple moving average is $13.42 and its 200-day simple moving average is $15.24.

NU (NYSE:NU) last announced 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). The business had revenue of $5.32 billion during 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, equities analysts forecast that Nu Holdings Ltd. will post 0.83 EPS for the current fiscal year.

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

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.