Senator Investment Group LP Has $36.83 Million Holdings in Nu Holdings Ltd. $NU

Senator Investment Group LP lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 12.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,200,000 shares of the company’s stock after acquiring an additional 239,798 shares during the quarter. NU makes up 1.5% of Senator Investment Group LP’s investment portfolio, making the stock its 25th biggest holding. Senator Investment Group LP’s holdings in NU were worth $36,828,000 as of its most recent SEC filing.

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

NU Trading Up 2.1%

Shares of NU stock opened at $12.45 on Tuesday. Nu Holdings Ltd. has a 52-week low of $11.20 and a 52-week high of $18.98. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58. The company has a 50-day simple moving average of $13.54 and a two-hundred day simple moving average of $15.37. The company has a market capitalization of $60.43 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 0.49 and a beta of 0.95.

NU (NYSE:NU) last released its earnings results on Friday, May 15th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NU had a net margin of 18.20% and a return on equity of 30.91%. The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.06 billion. Research analysts anticipate that Nu Holdings Ltd. will post 0.84 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 buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Susquehanna lowered shares of NU from a “positive” rating to a “neutral” rating and dropped their target price for the company from $18.00 to $13.00 in a report on Wednesday, June 3rd. UBS Group lowered their price objective on shares of NU from $18.10 to $16.90 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Bank of America reiterated an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. CICC Research assumed coverage on shares of NU in a research report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price on the stock. Finally, Scotiabank lowered shares of NU to a “sector perform” rating and set a $13.00 price objective on the stock. in a report on Wednesday, June 3rd. Nine equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.08.

Insider Activity at NU

In other NU news, Director Anita M. Sands sold 21,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $12.24, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the completion of the sale, the chief executive officer owned 2,312,338 shares in the company, valued at $34,245,725.78. This represents a 11.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

About NU

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.