659,085 Nu Holdings Ltd. $NU Shares Purchased by CenterBook Partners LP

CenterBook Partners LP increased its position in Nu Holdings Ltd. (NYSE:NU) by 94.7% in the third quarter, HoldingsChannel.com reports. The fund owned 1,354,881 shares of the company’s stock after buying an additional 659,085 shares during the period. NU comprises approximately 0.8% of CenterBook Partners LP’s investment portfolio, making the stock its 19th biggest holding. CenterBook Partners LP’s holdings in NU were worth $17,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its position in NU by 127.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 38,263,897 shares of the company’s stock worth $484,421,000 after acquiring an additional 21,405,374 shares during the period. Squadra Investments Gestao DE Recursos LTDA. increased its holdings in shares of NU by 266.8% in the first quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 22,312,501 shares of the company’s stock valued at $320,631,000 after purchasing an additional 16,229,515 shares during the period. Bank of Nova Scotia increased its holdings in shares of NU by 855.9% in the first quarter. Bank of Nova Scotia now owns 16,111,616 shares of the company’s stock valued at $231,524,000 after purchasing an additional 14,426,181 shares during the period. Maverick Capital Ltd. increased its holdings in shares of NU by 91.6% in the first quarter. Maverick Capital Ltd. now owns 22,444,311 shares of the company’s stock valued at $322,525,000 after purchasing an additional 10,729,747 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of NU by 444.1% in the first quarter. Hsbc Holdings PLC now owns 7,782,758 shares of the company’s stock worth $111,555,000 after purchasing an additional 6,352,288 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Performance

NYSE NU traded up $0.27 on Friday, reaching $12.01. 58,344,496 shares of the company’s stock traded hands, compared to its average volume of 87,946,000. The stock has a 50 day moving average price of $14.01 and a 200-day moving average price of $14.36. The firm has a market cap of $58.31 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 0.48 and a beta of 0.97. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.55 and a current ratio of 0.55. Nu Holdings Ltd. has a fifty-two week low of $11.20 and a fifty-two week high of $18.98.

NU (NYSE:NU) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.22 earnings per share for the quarter. The business had revenue of $5.88 billion during the quarter. NU had a return on equity of 31.59% and a net margin of 18.65%. Equities research analysts predict that Nu Holdings Ltd. will post 0.85 EPS for the current fiscal year.

Insider Transactions at NU

In other news, CEO Cristina Junqueira sold 25,000 shares of the company’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $15.01, for a total value of $375,250.00. Following the sale, the chief executive officer owned 4,877,593 shares in the company, valued at $73,212,670.93. This represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 firm’s stock in a transaction dated Friday, August 14th. The stock was 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 in the company, valued at approximately $15,485,041.26. This trade represents a 18.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 386,707 shares of company stock worth $6,001,588 in the last 90 days. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Susquehanna lifted their target price on NU from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Wolfe Research dropped their target price on NU from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 25th. Weiss Ratings downgraded shares of NU from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $20.00 to $18.00 in a research report on Wednesday, September 16th. Finally, UBS Group raised their price target on shares of NU from $18.20 to $20.50 and gave the stock a “buy” rating in a research report on Tuesday, October 20th. Ten 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.25.

NU Company Profile

Nu Holdings Ltd., which operates under the Nubank brand, is a digital financial services company founded in Brazil in 2013. It provides banking and related services through mobile apps and other digital channels, with a focus on simplifying access to financial products.

Its offerings include digital accounts, payment cards, credit products, personal loans, and investment services. The company also provides services to small businesses, with products and availability varying by country.

Nu serves customers in Brazil, Mexico, and Colombia.