280,542 Shares in Nu Holdings Ltd. $NU Acquired by Madison Asset Management LLC

Madison Asset Management LLC acquired a new stake in Nu Holdings Ltd. (NYSE:NU) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 280,542 shares of the company’s stock, valued at approximately $3,748,000.

Other large investors have also recently added to or reduced their stakes in the company. Morgan Stanley increased its stake in NU by 2.9% during the 4th quarter. Morgan Stanley now owns 121,350,701 shares of the company’s stock worth $2,031,411,000 after acquiring an additional 3,419,077 shares during the period. State Street Corp increased its position in shares of NU by 0.3% in the third quarter. State Street Corp now owns 91,478,395 shares of the company’s stock worth $1,464,569,000 after purchasing an additional 239,660 shares during the period. Bank of America Corp DE raised its stake in NU by 8.6% in the first quarter. Bank of America Corp DE now owns 45,966,932 shares of the company’s stock valued at $660,545,000 after purchasing an additional 3,656,945 shares in the last quarter. Norges Bank bought a new stake in NU during the fourth quarter worth about $763,792,000. Finally, Price T Rowe Associates Inc. MD grew its stake in NU by 11.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 42,602,086 shares of the company’s stock worth $713,160,000 after buying an additional 4,215,824 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Stock Down 2.8%

Shares of NU opened at $14.20 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.55 and a current ratio of 0.55. Nu Holdings Ltd. has a 52 week low of $11.20 and a 52 week high of $18.98. The stock has a market capitalization of $68.95 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 0.57 and a beta of 0.94. The stock has a fifty day moving average of $13.73 and a 200-day moving average of $14.24.

NU (NYSE:NU) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $0.22 earnings per share for the quarter. NU had a return on equity of 31.59% and a net margin of 18.65%.The business had revenue of $5.88 billion for the quarter. As a group, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.86 earnings per share for the current fiscal year.

NU announced that its board has authorized a share buyback program on Thursday, June 4th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at NU

In other news, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the sale, the insider directly owned 979,446 shares in the company, valued at approximately $15,485,041.26. The trade was a 18.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Cristina Helena Zing Junqueira sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $15.80, for a total value of $790,000.00. Following the completion of the transaction, the chief executive officer directly owned 4,927,593 shares of the company’s stock, valued at $77,855,969.40. This represents a 1.00% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NU shares. Scotiabank cut NU to a “sector perform” rating and set a $13.00 price target for the company. in a report on Wednesday, June 3rd. UBS Group lifted their target price on NU from $16.90 to $18.20 and gave the company a “buy” rating in a research report on Thursday. Bank of America reissued an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. increased their target price on shares of NU from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of NU in a research note on Friday, August 7th. Nine equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.72.

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.