Cloverfields Capital Group LP Buys 99,117 Shares of Nu Holdings Ltd. $NU

Cloverfields Capital Group LP lifted its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 51.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,380 shares of the company’s stock after purchasing an additional 99,117 shares during the quarter. Cloverfields Capital Group LP’s holdings in NU were worth $4,861,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NU. LOM Asset Management Ltd bought a new position in shares of NU during the 4th quarter worth about $25,000. Caitong International Asset Management Co. Ltd boosted its position in shares of NU by 14,810.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after purchasing an additional 1,481 shares in the last quarter. Cornerstone Planning Group LLC boosted its position in shares of NU by 5,448.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after purchasing an additional 1,580 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of NU during the 4th quarter worth about $27,000. Finally, Morse Asset Management Inc bought a new position in shares of NU during the 4th quarter worth about $31,000. Institutional investors own 84.02% of the company’s stock.

NU Price Performance

Shares of NYSE NU opened at $12.16 on Friday. Nu Holdings Ltd. has a fifty-two week low of $11.20 and a fifty-two week high of $18.98. The stock has a market cap of $59.06 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 0.48 and a beta of 0.95. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58. The firm’s 50-day simple moving average is $13.58 and its 200 day simple moving average is $15.40.

NU (NYSE:NU) last announced its quarterly earnings results 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 net margin of 18.20% and a return on equity of 30.91%. The business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.06 billion. As a group, research analysts anticipate that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.

NU announced that its Board of Directors has approved a share buyback plan on Thursday, June 4th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

NU has been the topic of several recent research reports. Bank of America reaffirmed an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. Susquehanna cut shares of NU from a “positive” rating to a “neutral” rating and dropped their price target for the company from $18.00 to $13.00 in a research report on Wednesday, June 3rd. Zacks Research cut shares of NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Weiss Ratings cut shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Nine 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 data from MarketBeat.com, NU currently has an average rating of “Moderate Buy” and a consensus target price of $17.08.

Insider Activity at NU

In other news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 2,312,338 shares in the company, valued at $34,245,725.78. The trade was a 11.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anita M. Sands sold 21,000 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The SEC filing for this sale provides additional information. 1.20% of the stock is owned by company insiders.

NU Company 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.