Leonteq Securities AG Acquires Shares of 67,029 Nu Holdings Ltd. $NU

Leonteq Securities AG acquired a new stake in Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 67,029 shares of the company’s stock, valued at approximately $1,122,000.

Other hedge funds also recently modified their holdings of the company. Maxi Investments CY Ltd increased its stake in shares of NU by 85.5% during the 4th quarter. Maxi Investments CY Ltd now owns 783,000 shares of the company’s stock worth $13,107,000 after purchasing an additional 361,000 shares during the last quarter. C WorldWide Group Holding A S increased its stake in shares of 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 worth $5,219,000 after purchasing an additional 284,569 shares during the last quarter. Washington University increased its stake in shares of NU by 1.5% during the 3rd quarter. Washington University now owns 10,566,927 shares of the company’s stock worth $169,177,000 after purchasing an additional 158,731 shares during the last quarter. Mawer Investment Management Ltd. acquired a new position in shares of NU during the 3rd quarter worth $10,829,000. Finally, WCM Investment Management LLC increased its stake in shares of NU by 0.9% during the 3rd quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock worth $1,187,935,000 after purchasing an additional 659,526 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Price Performance

NYSE NU opened at $13.20 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $14.15 and a 200 day simple moving average of $15.79. The company has a market cap of $64.07 billion, a P/E ratio of 20.30, a P/E/G ratio of 0.52 and a beta of 1.01. Nu Holdings Ltd. has a 1 year low of $11.71 and a 1 year high of $18.98.

NU (NYSE:NU) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. On average, sell-side analysts predict that Nu Holdings Ltd. will post 0.84 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NU. Weiss Ratings lowered shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. CICC Research initiated coverage on shares of NU in a research note on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price target on the stock. Susquehanna upped their price objective on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday, January 27th. Bank of America reaffirmed a “neutral” rating on shares of NU in a report on Monday, March 9th. Finally, Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $18.39.

Insider Buying and Selling at NU

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $14.81, for a total value of $4,443,000.00. Following the sale, the chief executive officer directly owned 2,312,338 shares in the company, valued at $34,245,725.78. This trade represents a 11.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anita M. Sands sold 21,000 shares of the firm’s 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 owned 162,150 shares in the company, valued at $1,984,716. This represents a 11.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.20% of the company’s stock.

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.