Natixis Advisors LLC Has $20.15 Million Stock Holdings in Nu Holdings Ltd. $NU

Natixis Advisors LLC grew its stake in Nu Holdings Ltd. (NYSE:NU) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,203,605 shares of the company’s stock after buying an additional 69,253 shares during the period. Natixis Advisors LLC’s holdings in NU were worth $20,148,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in NU. EverSource Wealth Advisors LLC grew its stake in NU by 63.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock worth $52,000 after purchasing an additional 1,464 shares during the period. Jump Financial LLC grew its stake in NU by 541.8% during the second quarter. Jump Financial LLC now owns 185,434 shares of the company’s stock worth $2,544,000 after purchasing an additional 156,539 shares during the period. WINTON GROUP Ltd grew its stake in NU by 38.5% during the second quarter. WINTON GROUP Ltd now owns 37,156 shares of the company’s stock worth $510,000 after purchasing an additional 10,332 shares during the period. AXA S.A. increased its holdings in shares of NU by 1.4% during the second quarter. AXA S.A. now owns 192,311 shares of the company’s stock valued at $2,639,000 after acquiring an additional 2,682 shares in the last quarter. Finally, Nebula Research & Development LLC raised its position in shares of NU by 63.7% during the second quarter. Nebula Research & Development LLC now owns 19,937 shares of the company’s stock worth $274,000 after purchasing an additional 7,760 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Bank of America restated an “underperform” rating on shares of NU in a report on Tuesday. CICC Research began coverage on NU in a research report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price on the stock. Scotiabank cut NU to a “sector perform” rating and set a $13.00 target price on the stock. in a research report on Wednesday. Zacks Research cut NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Weiss Ratings cut NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Ten equities research 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 MarketBeat, NU has an average rating of “Moderate Buy” and a consensus target price of $17.08.

NU Stock Down 1.3%

NU stock opened at $11.97 on Friday. The stock’s fifty day simple moving average is $13.79 and its two-hundred day simple moving average is $15.53. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. Nu Holdings Ltd. has a 1-year low of $11.20 and a 1-year high of $18.98. The stock has a market cap of $58.10 billion, a P/E ratio of 18.41, a P/E/G ratio of 0.48 and a beta of 0.95.

NU (NYSE:NU) last posted its quarterly earnings data 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). NU had a return on equity of 30.91% and a net margin of 18.20%.The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.06 billion. Analysts expect that Nu Holdings Ltd. will post 0.84 EPS for the current year.

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

Insider Buying and Selling at NU

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the business’s stock in a transaction on Monday, March 23rd. The stock was 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. The trade was a 11.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction on 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. The trade was a 11.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.