Nu Holdings Ltd. $NU Shares Acquired by Man Group plc

Man Group plc lifted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 27.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,529,936 shares of the company’s stock after acquiring an additional 1,624,142 shares during the quarter. Man Group plc’s holdings in NU were worth $126,051,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of NU. Baillie Gifford & Co. increased its stake in NU by 2.3% in the 4th quarter. Baillie Gifford & Co. now owns 257,256,952 shares of the company’s stock valued at $4,306,481,000 after purchasing an additional 5,797,365 shares in the last quarter. Morgan Stanley lifted its holdings in shares of NU by 2.9% in the fourth quarter. Morgan Stanley now owns 121,350,701 shares of the company’s stock valued at $2,031,411,000 after purchasing an additional 3,419,077 shares in the last quarter. State Street Corp lifted its stake in shares of NU by 0.3% during the third quarter. State Street Corp now owns 91,478,395 shares of the company’s stock valued at $1,464,569,000 after buying an additional 239,660 shares during the period. Norges Bank purchased a new position in shares of NU during the fourth quarter valued at approximately $763,792,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of 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 valued at $713,160,000 after buying an additional 4,215,824 shares during the period. 84.02% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $14.81, for a total value of $4,443,000.00. Following the completion of the sale, the chief executive officer directly owned 2,312,338 shares in the company, valued at approximately $34,245,725.78. The trade was a 11.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $12.24, for a total transaction of $257,040.00. Following the completion of 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 SEC filing for this sale provides additional information. 1.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Bank of America reissued an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. Susquehanna lowered shares of NU from a “positive” rating to a “neutral” rating and decreased their price objective for the stock from $18.00 to $13.00 in a report on Wednesday, June 3rd. Zacks Research lowered shares of 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 on the stock in a research note on Wednesday, May 20th. Finally, Scotiabank downgraded shares of NU to a “sector perform” rating and set a $13.00 price objective on the stock. in a research report on Wednesday, June 3rd. Nine analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, NU has a consensus rating of “Moderate Buy” and a consensus target price of $17.08.

NU Stock Performance

NU stock opened at $12.87 on Thursday. The firm’s 50 day simple moving average is $13.49 and its 200-day simple moving average is $15.30. Nu Holdings Ltd. has a fifty-two week low of $11.20 and a fifty-two week high of $18.98. The company has a market cap of $62.48 billion, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 0.51 and a beta of 0.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.58 and a quick ratio of 0.58.

NU (NYSE:NU) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. As a group, equities research analysts predict that Nu Holdings Ltd. will post 0.84 EPS for the current year.

NU declared that its board has authorized a stock repurchase program on Thursday, June 4th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

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.