Entropy Technologies LP Boosts Stake in Nu Holdings Ltd. $NU

Entropy Technologies LP lifted its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 489.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 364,456 shares of the company’s stock after buying an additional 302,607 shares during the period. Entropy Technologies LP’s holdings in NU were worth $5,237,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. LOM Asset Management Ltd purchased a new position in NU in the 4th quarter worth $25,000. Caitong International Asset Management Co. Ltd grew its stake 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 valued at $25,000 after purchasing an additional 1,481 shares during the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of NU by 5,448.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock valued at $27,000 after purchasing an additional 1,580 shares during the period. Zions Bancorporation National Association UT acquired a new position in shares of NU in the fourth quarter valued at about $27,000. Finally, Morse Asset Management Inc purchased a new position in shares of NU in the fourth quarter worth about $31,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Needham & Company LLC started coverage on NU in a report on Friday, June 26th. They set a “buy” rating and a $17.00 target price for the company. CICC Research assumed coverage on shares of NU in a report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price target on the stock. Weiss Ratings lowered shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Bank of America restated an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of NU from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Ten 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. Based on data from MarketBeat, NU has an average rating of “Moderate Buy” and a consensus target price of $17.24.

Insider Transactions at NU

In other NU news, Director Anita M. Sands sold 21,000 shares of the stock in a transaction 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 transaction, the director directly owned 162,150 shares of the company’s stock, valued at $1,984,716. This trade represents a 11.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.20% of the stock is currently owned by insiders.

NU Trading Down 0.5%

Shares of NU stock opened at $14.12 on Friday. Nu Holdings Ltd. has a 1-year low of $11.20 and a 1-year high of $18.98. The company has a market cap of $68.54 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 0.56 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. The stock has a 50 day simple moving average of $13.02 and a 200-day simple moving average of $14.69.

NU (NYSE:NU) last released its quarterly earnings results on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. On average, equities research analysts expect that Nu Holdings Ltd. will post 0.83 EPS for the current fiscal year.

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

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.