Rathbones Group PLC Increases Stake in Nu Holdings Ltd. $NU

Rathbones Group PLC grew its position in Nu Holdings Ltd. (NYSE:NU) by 30.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 194,281 shares of the company’s stock after purchasing an additional 45,557 shares during the quarter. Rathbones Group PLC’s holdings in NU were worth $3,252,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NU. LOM Asset Management Ltd purchased a new position in shares of NU in the 4th quarter valued at $25,000. Cornerstone Planning Group LLC grew its position in shares of NU by 5,448.3% in the 4th 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 during the last quarter. Jordan Park Group LLC grew its position in shares of NU by 129.3% in the 3rd quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock valued at $31,000 after buying an additional 1,104,421 shares during the last quarter. Morse Asset Management Inc purchased a new position in shares of NU in the 4th quarter valued at $31,000. Finally, Fifth Third Bancorp grew its position in shares of NU by 433.0% in the 4th quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock valued at $33,000 after buying an additional 1,615 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were 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 directly owned 2,312,338 shares in the company, valued at approximately $34,245,725.78. This trade represents a 11.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction dated 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 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. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is owned by company insiders.

NU Stock Down 3.2%

NU stock opened at $12.74 on Friday. Nu Holdings Ltd. has a one year low of $11.71 and a one year high of $18.98. The stock has a market capitalization of $61.84 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 0.53 and a beta of 1.01. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58. The company has a fifty day moving average of $14.11 and a 200-day moving average of $15.77.

NU (NYSE:NU) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). NU had a net margin of 18.20% and a return on equity of 30.91%. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.06 billion. As a group, analysts expect that Nu Holdings Ltd. will post 0.84 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on NU shares. Weiss Ratings cut shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. UBS Group decreased their price target on shares of NU from $18.10 to $16.90 and set a “buy” rating for the company in a research note on Wednesday. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. CICC Research started coverage on shares of NU in a research note on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price target for the company. Finally, Susquehanna increased their price target on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research note on Tuesday, January 27th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.39.

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.