Nu Holdings Ltd. $NU Stock Sold by Investment House LLC

Investment House LLC cut its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 26.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,692,187 shares of the company’s stock after selling 614,258 shares during the period. NU comprises approximately 0.9% of Investment House LLC’s investment portfolio, making the stock its 20th biggest holding. Investment House LLC’s holdings in NU were worth $21,423,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NU. SBI Securities Co. Ltd. raised its stake in shares of NU by 4.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 140,257 shares of the company’s stock valued at $1,776,000 after buying an additional 6,125 shares during the last quarter. Foster Victor Wealth Advisors LLC purchased a new stake in shares of NU in the third quarter worth about $562,000. Hosking Partners LLP boosted its stake in shares of NU by 22.9% in the third quarter. Hosking Partners LLP now owns 1,120,626 shares of the company’s stock worth $14,187,000 after buying an additional 208,948 shares during the last quarter. Milestones Administradora de Recursos Ltda. boosted its stake in shares of NU by 7.6% in the third quarter. Milestones Administradora de Recursos Ltda. now owns 3,393,059 shares of the company’s stock worth $42,956,000 after buying an additional 238,945 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in NU by 76.5% during the third quarter. Quadrant Capital Group LLC now owns 11,755 shares of the company’s stock worth $149,000 after acquiring an additional 5,094 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Price Performance

Shares of NU stock opened at $14.69 on Friday. The firm has a market cap of $71.33 billion, a PE ratio of 19.85, a P/E/G ratio of 0.62 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. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $14.57 and a 200 day moving average price of $13.94.

NU (NYSE:NU) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $5.88 billion for the quarter. NU had a return on equity of 31.59% and a net margin of 18.65%. Sell-side analysts predict that Nu Holdings Ltd. will post 0.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NU. JPMorgan Chase & Co. lifted their price target on NU from $20.00 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday, October 6th. UBS Group upped their price objective on NU from $18.20 to $20.50 and gave the stock a “buy” rating in a research report on Tuesday. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $20.00 to $18.00 in a research report on Wednesday, September 16th. Rothschild & Co Redburn set a $19.00 price objective on shares of NU in a research note on Monday, September 28th. Finally, Wolfe Research cut their target price on shares of NU from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, August 25th. Nine equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell 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 $18.12.

Insider Buying and Selling

In other news, CEO Cristina Junqueira sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $15.01, for a total transaction of $375,250.00. Following the completion of the transaction, the chief executive officer directly owned 4,877,593 shares of the company’s stock, valued at $73,212,670.93. This represents a 0.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $15.81, for a total value of $3,505,187.67. Following the transaction, the insider directly owned 979,446 shares of the company’s stock, valued at approximately $15,485,041.26. The trade was a 18.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 386,707 shares of company stock valued at $6,001,588 over the last 90 days. Company insiders own 1.20% of the company’s stock.

NU Company Profile

Nubank (NYSE: NU) is a digital financial services company headquartered in São Paulo, Brazil. Founded in 2013, the company was established to simplify banking through technology and expand access to financial services in markets traditionally served by large, conventional institutions.

Nubank offers a range of consumer and business products, including digital bank accounts, credit cards, personal loans, payment services, investment products and insurance. Its platform is designed to allow customers to manage accounts, payments and other financial products through mobile applications and other digital channels.

The company primarily serves customers in Brazil, Mexico and Colombia.