Nu Holdings Ltd. $NU Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP decreased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 7.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,273,997 shares of the company’s stock after selling 777,559 shares during the quarter. Wasatch Advisors LP owned approximately 0.19% of NU worth $123,901,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. LOM Asset Management Ltd purchased a new stake in shares of NU during the fourth quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd grew its holdings in 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 acquiring an additional 1,481 shares in the last quarter. Cornerstone Planning Group LLC grew its holdings in 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 acquiring an additional 1,580 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of NU in the 4th quarter valued at approximately $27,000. Finally, Morse Asset Management Inc purchased a new stake in shares of NU in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Performance

Shares of NU stock opened at $13.65 on Wednesday. The stock’s 50-day moving average price is $13.37 and its 200 day moving average price is $14.43. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $66.27 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 0.55 and a beta of 0.94. Nu Holdings Ltd. has a 52-week low of $11.20 and a 52-week 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 for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NU had a return on equity of 30.91% and a net margin of 18.20%.The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.06 billion. As a group, equities research analysts forecast that Nu Holdings Ltd. will post 0.83 EPS for the current year.

NU declared that its board has authorized a share buyback program on Thursday, June 4th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

NU has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on NU from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. UBS Group cut their target price on shares of NU from $18.10 to $16.90 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Needham & Company LLC assumed coverage on shares of NU in a research report on Friday, June 26th. They issued a “buy” rating and a $17.00 price target for the company. Bank of America reiterated an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. Finally, CICC Research assumed coverage on shares of NU in a research note on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price target for the company. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.24.

Insider Buying and Selling at NU

In other news, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $12.24, for a total transaction of $257,040.00. Following the transaction, the director directly owned 162,150 shares in the company, valued at $1,984,716. The trade was a 11.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

About NU

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.