Lombard Odier Asset Management Europe Ltd Takes Position in Nu Holdings Ltd. $NU

Lombard Odier Asset Management Europe Ltd bought a new position in Nu Holdings Ltd. (NYSE:NU) during the 1st quarter, Holdings Channel.com reports. The fund bought 438,343 shares of the company’s stock, valued at approximately $6,299,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NU. LOM Asset Management Ltd purchased a new position in NU during the fourth quarter valued at $25,000. Caitong International Asset Management Co. Ltd lifted its stake in NU by 14,810.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after purchasing an additional 1,481 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in NU by 5,448.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after purchasing an additional 1,580 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of NU during the 4th quarter valued at about $27,000. Finally, Morse Asset Management Inc bought a new position in shares of NU during the 4th quarter valued at about $31,000. Institutional investors own 84.02% of the company’s stock.

Insider Transactions at NU

In other NU news, Director Anita M. Sands sold 21,000 shares of the company’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 transaction of $257,040.00. Following the sale, the director directly owned 162,150 shares in the company, valued at $1,984,716. This represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NU has been the subject of a number of research analyst reports. UBS Group cut 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. JPMorgan Chase & Co. increased their price target on NU from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Weiss Ratings lowered NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Needham & Company LLC started coverage on NU in a report on Friday, June 26th. They set a “buy” rating and a $17.00 price target for the company. Finally, Scotiabank downgraded NU to a “sector perform” rating and set a $13.00 price objective on the stock. in a research note on Wednesday, June 3rd. Ten investment 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $17.24.

NU Stock Performance

NU stock opened at $14.12 on Friday. The company’s 50-day moving average price is $13.02 and its 200-day moving average price is $14.69. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.36. The company has a market cap of $68.54 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 0.56 and a beta of 0.95. Nu Holdings Ltd. has a twelve month low of $11.20 and a twelve month high of $18.98.

NU (NYSE:NU) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. On average, equities research analysts forecast that Nu Holdings Ltd. will post 0.83 EPS for the current fiscal year.

NU announced that its board has authorized a stock buyback plan on Thursday, June 4th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board 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.