243,873 Shares in Nu Holdings Ltd. $NU Acquired by Odyssean LLC

Odyssean LLC acquired a new stake in Nu Holdings Ltd. (NYSE:NU) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 243,873 shares of the company’s stock, valued at approximately $3,258,000. NU comprises about 0.5% of Odyssean LLC’s portfolio, making the stock its 22nd biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 worth $25,000 after buying an additional 1,481 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of NU during the 4th quarter worth $27,000. Cornerstone Planning Group LLC boosted its stake in 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 buying an additional 1,580 shares in the last quarter. Morse Asset Management Inc acquired a new stake in NU in the fourth quarter valued at about $31,000. Finally, Fifth Third Bancorp grew its position in NU by 433.0% in the fourth quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock valued at $33,000 after acquiring an additional 1,615 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NU has been the subject of several research analyst reports. Bank of America reissued an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. UBS Group raised their price target on shares of NU from $16.90 to $18.20 and gave the company a “buy” rating in a research note on Thursday, August 20th. Weiss Ratings lowered shares of NU from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Wolfe Research lowered their price objective on shares of NU from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of NU from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Nine 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.91.

Insider Activity at NU

In other NU news, 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 in the company, valued at approximately $77,855,969.40. This represents a 1.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the transaction, the insider directly owned 979,446 shares of the company’s stock, valued at $15,485,041.26. The trade was a 18.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

NU Stock Performance

NYSE:NU opened at $15.14 on Wednesday. The stock’s 50-day moving average is $13.87 and its 200-day moving average is $14.18. Nu Holdings Ltd. has a 1-year low of $11.20 and a 1-year high of $18.98. 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 stock has a market cap of $73.51 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 0.58 and a beta of 0.94.

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

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

About NU

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.