Nu Holdings Ltd. $NU Position Decreased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 50.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 841,549 shares of the company’s stock after selling 844,096 shares during the period. Y Intercept Hong Kong Ltd’s holdings in NU were worth $14,088,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NU. LOM Asset Management Ltd bought a new position in shares of NU during the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC boosted 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 worth $27,000 after buying 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 worth about $27,000. Morse Asset Management Inc acquired a new position in shares of NU in the fourth quarter worth about $31,000. Finally, Fifth Third Bancorp boosted its holdings in shares of NU by 433.0% in the fourth quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock worth $33,000 after buying an additional 1,615 shares during the period. Institutional investors own 84.02% of the company’s stock.

Insider Activity at NU

In related news, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction that occurred 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 owned 162,150 shares of the company’s stock, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 2,312,338 shares in the company, valued at approximately $34,245,725.78. The trade was a 11.48% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NU has been the subject of several recent analyst reports. UBS Group decreased their target price on shares of NU from $18.10 to $16.90 and set a “buy” rating for the company in a report on Wednesday, May 20th. CICC Research initiated coverage on shares of NU in a report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 target price for the company. Susquehanna cut shares of NU from a “positive” rating to a “neutral” rating and decreased their target price for the stock from $18.00 to $13.00 in a report on Wednesday, June 3rd. Scotiabank cut shares of NU to a “sector perform” rating and set a $13.00 target price for the company. in a report on Wednesday, June 3rd. Finally, Itau BBA Securities reiterated an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Nine 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.08.

NU Price Performance

NYSE NU opened at $12.16 on Friday. The company has a 50 day simple moving average of $13.58 and a 200-day simple moving average of $15.40. 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 firm has a market capitalization of $59.06 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 0.48 and a beta of 0.95. Nu Holdings Ltd. has a 52-week low of $11.20 and a 52-week high of $18.98.

NU (NYSE:NU) last posted 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 analysts’ expectations of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. Equities research analysts predict that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.

NU declared that its board has approved a share buyback plan on Thursday, June 4th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

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.