Regal Partners Ltd Sells 185,000 Shares of Nu Holdings Ltd. $NU

Regal Partners Ltd lowered its position in shares of Nu Holdings Ltd. (NYSE:NU) by 91.9% in the first quarter, Holdings Channel reports. The firm owned 16,390 shares of the company’s stock after selling 185,000 shares during the period. Regal Partners Ltd’s holdings in NU were worth $236,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Baillie Gifford & Co. grew its holdings in shares of NU by 2.3% in the 4th quarter. Baillie Gifford & Co. now owns 257,256,952 shares of the company’s stock valued at $4,306,481,000 after buying an additional 5,797,365 shares during the period. Morgan Stanley raised its stake in NU by 2.9% during the 4th quarter. Morgan Stanley now owns 121,350,701 shares of the company’s stock worth $2,031,411,000 after buying an additional 3,419,077 shares during the period. State Street Corp lifted its holdings in NU by 0.3% during the third quarter. State Street Corp now owns 91,478,395 shares of the company’s stock worth $1,464,569,000 after acquiring an additional 239,660 shares in the last quarter. Norges Bank bought a new position in NU during the fourth quarter worth about $763,792,000. Finally, Price T Rowe Associates Inc. MD grew its stake in NU by 11.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 42,602,086 shares of the company’s stock valued at $713,160,000 after acquiring an additional 4,215,824 shares during the period. Institutional investors own 84.02% of the company’s stock.

NU Stock Performance

NU opened at $14.71 on Wednesday. The company has a market capitalization of $71.43 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 0.58 and a beta of 0.95. The business’s 50-day moving average price is $13.11 and its two-hundred day moving average price is $14.63. Nu Holdings Ltd. has a 1 year low of $11.20 and a 1 year high of $18.98. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.58 and a quick ratio of 0.58.

NU (NYSE:NU) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. Equities analysts expect that Nu Holdings Ltd. will post 0.83 EPS for the current fiscal year.

NU announced that its board has initiated a share buyback plan on Thursday, June 4th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NU. JPMorgan Chase & Co. raised their price target on NU from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. UBS Group decreased their price objective on NU from $18.10 to $16.90 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Susquehanna cut NU from a “positive” rating to a “neutral” rating and lowered their target price for the stock from $18.00 to $13.00 in a research note on Wednesday, June 3rd. Weiss Ratings cut NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Finally, Bank of America restated an “underperform” rating on shares of NU in a report on Tuesday, June 2nd. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.24.

Insider Buying and Selling

In other NU news, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $12.24, for a total value of $257,040.00. Following the sale, the director owned 162,150 shares in the company, valued at approximately $1,984,716. The trade was a 11.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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.