Opal Capital LLC Acquires New Position in Nu Holdings Ltd. $NU

Opal Capital LLC acquired a new stake in Nu Holdings Ltd. (NYSE:NU) during the 1st quarter, HoldingsChannel reports. The firm acquired 269,271 shares of the company’s stock, valued at approximately $3,869,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Maxi Investments CY Ltd lifted its stake in shares of NU by 85.5% in the fourth quarter. Maxi Investments CY Ltd now owns 783,000 shares of the company’s stock worth $13,107,000 after buying an additional 361,000 shares during the last quarter. C WorldWide Group Holding A S raised its holdings in NU by 1,045.3% in the 4th quarter. C WorldWide Group Holding A S now owns 311,792 shares of the company’s stock worth $5,219,000 after acquiring an additional 284,569 shares during the period. Vanguard Group Inc. raised its holdings in NU by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 24,814,878 shares of the company’s stock worth $415,401,000 after acquiring an additional 1,037,438 shares during the period. Genoa Capital Gestora de Recursos Ltda. acquired a new position in NU during the 4th quarter worth $3,869,000. Finally, Danske Bank A S lifted its position in NU by 515.0% during the 4th quarter. Danske Bank A S now owns 5,074,732 shares of the company’s stock worth $84,951,000 after acquiring an additional 4,249,632 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Needham & Company LLC assumed coverage on NU in a research report on Friday, June 26th. They issued a “buy” rating and a $17.00 price target on the stock. Bank of America reissued an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. CICC Research assumed coverage on NU in a research note on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price for the company. Scotiabank lowered NU to a “sector perform” rating and set a $13.00 target price on the stock. in a report on Wednesday, June 3rd. Finally, Susquehanna downgraded NU from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $18.00 to $13.00 in a research report on Wednesday, June 3rd. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, NU has an average rating of “Moderate Buy” and a consensus target price of $17.24.

Insider Activity at NU

In related news, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $1,984,716. The trade was a 11.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

NU Stock Performance

NYSE NU opened at $14.71 on Wednesday. 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 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.36. The stock has a market cap of $71.43 billion, a P/E ratio of 22.63, a PEG ratio of 0.58 and a beta of 0.95. The company’s 50-day simple moving average is $13.11 and its 200 day simple moving average is $14.63.

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). NU had a return on equity of 30.91% and a net margin of 18.20%.The business had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.06 billion. As a group, research analysts forecast that Nu Holdings Ltd. will post 0.83 earnings per share for the current fiscal year.

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

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.