Systrade AG Grows Stake in Nu Holdings Ltd. $NU

Systrade AG raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 1,300.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 140,000 shares of the company’s stock after purchasing an additional 130,000 shares during the period. NU makes up about 0.9% of Systrade AG’s investment portfolio, making the stock its 8th largest holding. Systrade AG’s holdings in NU were worth $1,772,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Harbor Investment Advisory LLC lifted its holdings in shares of NU by 68.2% during the second quarter. Harbor Investment Advisory LLC now owns 3,010 shares of the company’s stock valued at $40,000 after purchasing an additional 1,220 shares in the last quarter. Whipplewood Advisors LLC increased its holdings in NU by 1,584.0% in the 1st quarter. Whipplewood Advisors LLC now owns 5,052 shares of the company’s stock worth $73,000 after buying an additional 4,752 shares in the last quarter. Jessup Wealth Management Inc bought a new stake in NU in the 4th quarter worth about $74,000. Ancora Advisors LLC purchased a new position in NU in the 2nd quarter worth about $76,000. Finally, EverSource Wealth Advisors LLC raised its position in NU by 58.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,468 shares of the company’s stock worth $93,000 after buying an additional 2,377 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NU. Susquehanna raised their target price on shares of NU from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Wolfe Research lowered their price target on NU from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Tuesday, August 25th. Needham & Company LLC restated a “buy” rating and issued a $19.00 price target on shares of NU in a research note on Monday, September 28th. Weiss Ratings lowered NU from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Finally, Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $20.00 to $18.00 in a report on Wednesday, September 16th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and an average target price of $18.29.

NU Stock Performance

NYSE NU traded up $0.74 during trading hours on Friday, hitting $16.12. 76,022,313 shares of the company’s stock traded hands, compared to its average volume of 64,842,457. Nu Holdings Ltd. has a 52 week low of $11.20 and a 52 week high of $18.98. The firm has a market capitalization of $78.26 billion, a P/E ratio of 21.78, a P/E/G ratio of 0.64 and a beta of 0.95. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.35. The business’s fifty day moving average price is $14.36 and its two-hundred day moving average price is $13.88.

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

Insider Buying and Selling at NU

In related news, CEO Cristina Junqueira sold 65,000 shares of NU stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $14.71, for a total transaction of $956,150.00. Following the transaction, the chief executive officer directly owned 2,542,083 shares in the company, valued at approximately $37,394,040.93. The trade was a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $15.81, for a total value of $3,505,187.67. Following the sale, the insider directly owned 979,446 shares of the company’s stock, valued at $15,485,041.26. This represents a 18.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 386,707 shares of company stock worth $6,001,588 over the last quarter. 1.20% of the stock is owned by company insiders.

NU Profile

Nu Holdings Ltd., operating under the Nubank brand, is a digital financial services company that provides banking and payment products primarily through mobile applications. The company offers digital accounts, credit cards, personal loans, payment services, investment products and insurance, serving consumers and small businesses.

Nubank was founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible with the goal of expanding access to simpler, lower-cost financial services through technology.