Kera Capital Partners Inc. Acquires 53,921 Shares of Nu Holdings Ltd. $NU

Kera Capital Partners Inc. lifted its holdings in Nu Holdings Ltd. (NYSE:NU) by 9.3% during the 4th quarter, HoldingsChannel reports. The fund owned 630,649 shares of the company’s stock after acquiring an additional 53,921 shares during the quarter. NU accounts for approximately 1.4% of Kera Capital Partners Inc.’s holdings, making the stock its 15th largest position. Kera Capital Partners Inc.’s holdings in NU were worth $11,194,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in NU in the 4th quarter valued at about $763,792,000. Larch Capital Partners LLC acquired a new position in shares of NU during the 4th quarter worth approximately $605,829,000. Lone Pine Capital LLC acquired a new position in shares of NU during the 3rd quarter worth approximately $406,757,000. Jennison Associates LLC increased its holdings in shares of NU by 82.6% during the fourth quarter. Jennison Associates LLC now owns 39,370,791 shares of the company’s stock worth $659,067,000 after purchasing an additional 17,809,644 shares during the period. Finally, Atmos Capital Gestao DE Recursos LTDA. increased its holdings in shares of NU by 109.1% during the fourth quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 29,813,810 shares of the company’s stock worth $499,083,000 after purchasing an additional 15,552,726 shares during the period. 84.02% of the stock is owned by institutional investors.

NU Price Performance

NU stock opened at $12.73 on Friday. The company’s 50-day moving average price is $13.46 and its two-hundred day moving average price is $15.27. The firm has a market cap of $61.83 billion, a P/E ratio of 19.59, a P/E/G ratio of 0.51 and a beta of 0.95. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.36. Nu Holdings Ltd. has a 12 month low of $11.20 and a 12 month high of $18.98.

NU (NYSE:NU) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates 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, 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 authorized a stock repurchase program on Thursday, June 4th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at NU

In other NU 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 shares were sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Anita M. Sands sold 21,000 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $12.24, for a total value of $257,040.00. Following the sale, the director 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 disclosure for this sale is available in the SEC filing. 1.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NU shares. Weiss Ratings cut NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. CICC Research initiated coverage on NU in a research note on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price objective on the stock. Zacks Research cut NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. UBS Group cut their target price on NU from $18.10 to $16.90 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Finally, Bank of America reissued an “underperform” rating on shares of NU in a report on Tuesday, June 2nd. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, NU has a consensus rating of “Moderate Buy” and an average target price of $17.08.

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.