659,085 Nu Holdings Ltd. $NU Shares Bought by CenterBook Partners LP

CenterBook Partners LP boosted its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 94.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,354,881 shares of the company’s stock after purchasing an additional 659,085 shares during the quarter. NU comprises 0.8% of CenterBook Partners LP’s holdings, making the stock its 19th largest holding. CenterBook Partners LP’s holdings in NU were worth $17,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NU. Bank of America Corp DE raised its holdings in NU by 8.6% in the first quarter. Bank of America Corp DE now owns 45,966,932 shares of the company’s stock worth $660,545,000 after purchasing an additional 3,656,945 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of NU by 127.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 38,263,897 shares of the company’s stock valued at $484,421,000 after buying an additional 21,405,374 shares in the last quarter. Maverick Capital Ltd. boosted its holdings in shares of NU by 91.6% in the 1st quarter. Maverick Capital Ltd. now owns 22,444,311 shares of the company’s stock valued at $322,525,000 after buying an additional 10,729,747 shares in the last quarter. Squadra Investments Gestao DE Recursos LTDA. grew its position in shares of NU by 266.8% in the 1st quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 22,312,501 shares of the company’s stock worth $320,631,000 after buying an additional 16,229,515 shares during the last quarter. Finally, Coronation Fund Managers Ltd. grew its position in shares of NU by 24.8% in the 1st quarter. Coronation Fund Managers Ltd. now owns 17,973,549 shares of the company’s stock worth $258,280,000 after buying an additional 3,570,451 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

NU has been the subject of several recent analyst reports. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $20.00 to $18.00 in a research note on Wednesday, September 16th. JPMorgan Chase & Co. raised their target price on shares of NU from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, October 6th. Monness Crespi & Hardt started coverage on shares of NU in a report on Monday, October 26th. They issued a “buy” rating and a $20.00 price target on the stock. Weiss Ratings downgraded NU from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Finally, Susquehanna upped their price target on NU from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. Ten analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.25.

Insider Activity at NU

In related news, CEO Cristina Junqueira sold 65,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $14.71, for a total value of $956,150.00. Following the completion of the transaction, the chief executive officer directly owned 2,542,083 shares of the company’s stock, valued at $37,394,040.93. This trade represents a 2.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Henrique Camossa Sald Fragelli sold 221,707 shares of NU stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the completion of the sale, the insider owned 979,446 shares of the company’s stock, valued at $15,485,041.26. This trade represents a 18.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 386,707 shares of company stock valued at $6,001,588 over the last ninety days. 1.20% of the stock is currently owned by insiders.

NU Stock Up 2.3%

NU stock traded up $0.27 during midday trading on Friday, reaching $12.01. The company’s stock had a trading volume of 58,344,496 shares, compared to its average volume of 87,946,000. The stock’s 50-day simple moving average is $14.01 and its 200-day simple moving average is $14.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.55 and a quick ratio of 0.55. Nu Holdings Ltd. has a 52-week low of $11.20 and a 52-week high of $18.98. The stock has a market capitalization of $58.31 billion, a P/E ratio of 16.23, a PEG ratio of 0.48 and a beta of 0.97.

NU (NYSE:NU) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.22 earnings per share for the quarter. NU had a return on equity of 31.59% and a net margin of 18.65%. The business had revenue of $5.88 billion during the quarter. On average, sell-side analysts expect that Nu Holdings Ltd. will post 0.85 EPS for the current year.

NU Company Profile

Nu Holdings Ltd., which operates under the Nubank brand, is a digital financial services company founded in Brazil in 2013. It provides banking and related services through mobile apps and other digital channels, with a focus on simplifying access to financial products.

Its offerings include digital accounts, payment cards, credit products, personal loans, and investment services. The company also provides services to small businesses, with products and availability varying by country.

Nu serves customers in Brazil, Mexico, and Colombia.