Nu Holdings Ltd. $NU Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in shares of Nu Holdings Ltd. (NYSE:NU) by 444.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,782,758 shares of the company’s stock after buying an additional 6,352,288 shares during the quarter. Hsbc Holdings PLC’s holdings in NU were worth $111,555,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NU. LOM Asset Management Ltd purchased a new position in NU in the fourth quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd increased its stake in NU by 14,810.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after acquiring an additional 1,481 shares during the last quarter. Cornerstone Planning Group LLC raised its position in NU by 5,448.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock valued at $27,000 after purchasing an additional 1,580 shares during the period. Zions Bancorporation National Association UT purchased a new stake in NU in the fourth quarter valued at $27,000. Finally, Morse Asset Management Inc acquired a new position in shares of NU in the 4th quarter valued at $31,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Trading Down 1.3%

NU opened at $13.60 on Friday. Nu Holdings Ltd. has a 52 week low of $11.20 and a 52 week high of $18.98. The business has a fifty day simple moving average of $12.89 and a 200-day simple moving average of $14.78. The firm has a market cap of $66.06 billion, a P/E ratio of 20.93, a P/E/G ratio of 0.54 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 (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). NU had a net margin of 18.20% and a return on equity of 30.91%. The firm had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.06 billion. On average, equities analysts expect that Nu Holdings Ltd. will post 0.83 earnings per share for the current year.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on NU. Needham & Company LLC initiated coverage on NU in a report on Friday, June 26th. They set a “buy” rating and a $17.00 price target for the company. CICC Research started coverage on shares of NU in a report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price objective on the stock. Weiss Ratings cut shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Zacks Research lowered shares of NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Finally, Scotiabank cut shares of NU to a “sector perform” rating and set a $13.00 price target for the company. in a research report on Wednesday, June 3rd. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.24.

Insiders Place Their Bets

In other NU news, Director Anita M. Sands sold 21,000 shares of NU stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $12.24, for a total value of $257,040.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.20% of the stock is currently owned by corporate insiders.

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.