35,800 Shares in Nu Holdings Ltd. $NU Purchased by Sarasin & Partners LLP

Sarasin & Partners LLP acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 35,800 shares of the company’s stock, valued at approximately $478,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Maxi Investments CY Ltd lifted its holdings in shares of NU by 85.5% in the 4th quarter. Maxi Investments CY Ltd now owns 783,000 shares of the company’s stock worth $13,107,000 after acquiring an additional 361,000 shares during the last quarter. C WorldWide Group Holding A S grew its holdings in NU by 1,045.3% during the 4th quarter. C WorldWide Group Holding A S now owns 311,792 shares of the company’s stock valued at $5,219,000 after purchasing an additional 284,569 shares during the last quarter. Vanguard Group Inc. grew its holdings in NU by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 24,814,878 shares of the company’s stock valued at $415,401,000 after purchasing an additional 1,037,438 shares during the last quarter. Genoa Capital Gestora de Recursos Ltda. purchased a new stake in NU in the 4th quarter worth about $3,869,000. Finally, Danske Bank A S lifted its stake in NU by 515.0% in the fourth quarter. Danske Bank A S now owns 5,074,732 shares of the company’s stock worth $84,951,000 after purchasing an additional 4,249,632 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Stock Performance

Shares of NYSE:NU opened at $14.10 on Friday. The firm’s 50 day simple moving average is $13.30 and its 200-day simple moving average is $14.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58. Nu Holdings Ltd. has a one year low of $11.20 and a one year high of $18.98. The firm has a market cap of $68.48 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 0.58 and a beta of 0.94.

NU (NYSE:NU) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NU had a net margin of 18.20% and a return on equity of 30.91%. The firm had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.06 billion. As a group, equities analysts predict that Nu Holdings Ltd. will post 0.83 EPS for the current year.

NU announced that its board has authorized a stock repurchase plan on Thursday, June 4th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have issued reports on NU. CICC Research initiated coverage on NU in a research report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price for the company. Needham & Company LLC assumed coverage on NU in a research note on Friday, June 26th. They set a “buy” rating and a $17.00 price target for the company. Bank of America restated an “underperform” rating on shares of NU in a report on Tuesday, June 2nd. Scotiabank downgraded NU to a “sector perform” rating and set a $13.00 target price for the company. in a research report on Wednesday, June 3rd. Finally, Susquehanna lowered shares of NU from a “positive” rating to a “neutral” rating and lowered their target price for the company from $18.00 to $13.00 in a research note on Wednesday, June 3rd. Ten investment 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 an average rating of “Moderate Buy” and a consensus price target of $17.24.

Insiders Place Their Bets

In other NU news, Director Anita M. Sands sold 21,000 shares of NU stock in a transaction on Friday, May 15th. The stock was sold at an average price of $12.24, for a total transaction of $257,040.00. Following the completion of the sale, the director directly owned 162,150 shares of the company’s stock, valued at $1,984,716. The trade was a 11.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by company insiders.

NU 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.