Rathbones Group PLC Grows Position in Nu Holdings Ltd. $NU

Rathbones Group PLC boosted its stake in Nu Holdings Ltd. (NYSE:NU) by 30.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 194,281 shares of the company’s stock after buying an additional 45,557 shares during the quarter. Rathbones Group PLC’s holdings in NU were worth $3,252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NU. Quantbot Technologies LP purchased a new stake in NU in the 2nd quarter valued at $1,042,000. CW Advisors LLC bought a new position in NU in the 2nd quarter valued at $453,000. EverSource Wealth Advisors LLC grew its stake in NU by 63.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after purchasing an additional 1,464 shares during the period. Jump Financial LLC grew its stake in NU by 541.8% in the 2nd quarter. Jump Financial LLC now owns 185,434 shares of the company’s stock valued at $2,544,000 after purchasing an additional 156,539 shares during the period. Finally, Cerity Partners LLC grew its stake in NU by 2.0% in the 2nd quarter. Cerity Partners LLC now owns 618,751 shares of the company’s stock valued at $8,489,000 after purchasing an additional 11,949 shares during the period. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Stock Down 1.2%

NU stock opened at $14.10 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.56 and a current ratio of 0.58. The company has a market capitalization of $67.92 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 0.55 and a beta of 1.10. Nu Holdings Ltd. has a fifty-two week low of $9.75 and a fifty-two week high of $18.98. The stock has a fifty day moving average of $15.61 and a 200-day moving average of $16.09.

NU (NYSE:NU) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.55 billion. NU had a return on equity of 30.68% and a net margin of 18.19%. As a group, equities research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Zacks Research downgraded NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Bank of America restated a “neutral” rating on shares of NU in a research note on Monday, March 9th. UBS Group upgraded NU from a “neutral” rating to a “buy” rating and upped their price objective for the company from $17.20 to $17.60 in a research note on Thursday, March 19th. The Goldman Sachs Group restated a “buy” rating and issued a $21.00 price objective on shares of NU in a research note on Thursday, December 18th. Finally, Itau BBA Securities restated an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.26.

Insider Buying and Selling at NU

In other news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the completion of the transaction, the chief executive officer owned 2,312,338 shares in the company, valued at approximately $34,245,725.78. This represents a 11.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

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.