Nu Holdings Ltd. $NU Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 89.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 340,882 shares of the company’s stock after purchasing an additional 160,933 shares during the period. Daiwa Securities Group Inc.’s holdings in NU were worth $5,706,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. LOM Asset Management Ltd acquired a new position in shares of NU during the 4th quarter worth $25,000. Cornerstone Planning Group LLC grew its stake in shares of NU by 5,448.3% during 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 during the period. Morse Asset Management Inc acquired a new position in shares of NU during the 4th quarter worth $31,000. Fifth Third Bancorp grew its stake in shares of NU by 433.0% during the 4th quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock worth $33,000 after purchasing an additional 1,615 shares during the period. Finally, VSM Wealth Advisory LLC grew its stake in shares of NU by 1,000.0% during the 3rd quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company’s stock worth $53,000 after purchasing an additional 3,000 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Susquehanna cut shares of NU from a “positive” rating to a “neutral” rating and lowered their price target for the stock from $18.00 to $13.00 in a research note on Wednesday, June 3rd. Scotiabank lowered shares of NU to a “sector perform” rating and set a $13.00 price objective on the stock. in a research report on Wednesday. Zacks Research lowered shares of NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Weiss Ratings lowered shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Finally, Itau BBA Securities reiterated an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. Ten investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, NU has an average rating of “Moderate Buy” and a consensus price target of $17.08.

NU Price Performance

NU stock opened at $11.97 on Monday. Nu Holdings Ltd. has a 52 week low of $11.20 and a 52 week 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 firm’s 50-day simple moving average is $13.79 and its 200 day simple moving average is $15.53. The firm has a market capitalization of $58.10 billion, a PE ratio of 18.41, a P/E/G ratio of 0.48 and a beta of 0.95.

NU (NYSE:NU) last released its quarterly earnings data on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $5.06 billion. On average, equities research analysts predict that Nu Holdings Ltd. will post 0.84 EPS for the current fiscal year.

NU declared that its board has initiated a share buyback plan on Thursday, June 4th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Transactions at NU

In other NU news, Director Anita M. Sands sold 21,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $12.24, for a total value of $257,040.00. Following the transaction, the director directly owned 162,150 shares in the company, valued at approximately $1,984,716. This represents a 11.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the completion of the transaction, the chief executive officer owned 2,312,338 shares in the company, valued at approximately $34,245,725.78. This trade represents a 11.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

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.