Quantinno Capital Management LP Has $50 Million Stock Position in Nu Holdings Ltd. $NU

Quantinno Capital Management LP trimmed its position in shares of Nu Holdings Ltd. (NYSE:NU) by 2.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 3,479,675 shares of the company’s stock after selling 95,325 shares during the period. Quantinno Capital Management LP’s holdings in NU were worth $50,003,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NU. Sowell Financial Services LLC lifted its stake in NU by 4.8% in the fourth quarter. Sowell Financial Services LLC now owns 12,952 shares of the company’s stock valued at $217,000 after acquiring an additional 599 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of NU by 3.7% during the 4th quarter. Parallel Advisors LLC now owns 16,820 shares of the company’s stock worth $282,000 after purchasing an additional 601 shares during the last quarter. MBM Wealth Consultants LLC raised its holdings in shares of NU by 1.2% during the 4th quarter. MBM Wealth Consultants LLC now owns 50,284 shares of the company’s stock valued at $842,000 after purchasing an additional 607 shares in the last quarter. Cornerstone Wealth Group LLC raised its holdings in shares of NU by 1.2% during the 4th quarter. Cornerstone Wealth Group LLC now owns 51,724 shares of the company’s stock valued at $866,000 after purchasing an additional 621 shares in the last quarter. Finally, Aptus Capital Advisors LLC lifted its stake in shares of NU by 3.4% in the 4th quarter. Aptus Capital Advisors LLC now owns 19,008 shares of the company’s stock valued at $318,000 after purchasing an additional 624 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

Insider Activity at NU

In related news, 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 owned 162,150 shares in the company, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Scotiabank downgraded shares of NU to a “sector perform” rating and set a $13.00 target price on the stock. in a research report on Wednesday, June 3rd. CICC Research assumed coverage on NU in a report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price objective on the stock. Needham & Company LLC began coverage on NU in a research note on Friday, June 26th. They issued a “buy” rating and a $17.00 price objective on the stock. Bank of America reaffirmed an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. Finally, Weiss Ratings lowered shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Ten investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.24.

NU Stock Performance

Shares of NYSE NU opened at $14.02 on Thursday. The business’s 50 day moving average is $13.14 and its two-hundred day moving average is $14.60. The company has a market cap of $68.07 billion, a P/E ratio of 21.57, a P/E/G ratio of 0.59 and a beta of 0.95. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.36. Nu Holdings Ltd. has a 12 month low of $11.20 and a 12 month high of $18.98.

NU (NYSE:NU) last released its earnings results on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). NU had a net margin of 18.20% and a return on equity of 30.91%. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.06 billion. On average, equities analysts expect that Nu Holdings Ltd. will post 0.83 EPS for the current year.

NU announced that its Board of Directors has approved a share buyback program on Thursday, June 4th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are 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.