Vaughan Nelson Investment Management L.P. Reduces Stock Holdings in Nu Holdings Ltd. $NU

Vaughan Nelson Investment Management L.P. lowered its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 73.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 164,060 shares of the company’s stock after selling 458,815 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in NU were worth $2,358,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. LOM Asset Management Ltd bought a new stake in NU in the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of NU by 14,810.0% in 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 during the last quarter. Cornerstone Planning Group LLC boosted its stake in shares of 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 purchasing an additional 1,580 shares during the period. Zions Bancorporation National Association UT purchased a new position in shares of NU during the 4th quarter worth about $27,000. Finally, Morse Asset Management Inc bought a new position in NU during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Trading Up 0.9%

NU stock opened at $12.82 on Tuesday. The company has a market capitalization of $62.25 billion, a PE ratio of 19.72, a P/E/G ratio of 0.51 and a beta of 0.95. Nu Holdings Ltd. has a 12 month low of $11.20 and a 12 month high of $18.98. The firm’s 50-day moving average is $13.38 and its 200 day moving average is $15.20. 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 released 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). The company had revenue of $5.32 billion during 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%. On average, research analysts anticipate that Nu Holdings Ltd. will post 0.83 EPS for the current year.

NU declared that its board has approved a stock repurchase program on Thursday, June 4th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

NU has been the topic of a number of recent analyst reports. CICC Research assumed coverage on shares of NU in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price objective on the stock. Scotiabank cut NU to a “sector perform” rating and set a $13.00 target price on the stock. in a research note on Wednesday, June 3rd. Weiss Ratings downgraded NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Bank of America reiterated an “underperform” rating on shares of NU in a report on Tuesday, June 2nd. Finally, Itau BBA Securities restated an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Nine equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.08.

Insider Activity at NU

In other news, Director Anita M. Sands sold 21,000 shares of NU stock in a transaction that occurred on Friday, May 15th. The shares were 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 approximately $1,984,716. The trade was a 11.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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.