Keystone Investors PTE Ltd. Purchases 179,266 Shares of Nu Holdings Ltd. $NU

Keystone Investors PTE Ltd. boosted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 64.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 459,366 shares of the company’s stock after buying an additional 179,266 shares during the quarter. Keystone Investors PTE Ltd.’s holdings in NU were worth $7,690,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LOM Asset Management Ltd bought a new stake in NU during the 4th quarter worth about $25,000. Zions Bancorporation National Association UT bought a new stake in NU during the 4th quarter worth about $27,000. Cornerstone Planning Group LLC raised its holdings in 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 last quarter. Morse Asset Management Inc bought a new stake in NU during the 4th quarter worth about $31,000. Finally, Fifth Third Bancorp raised its holdings in 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 last quarter. 84.02% of the stock is owned by institutional investors.

NU Price Performance

NU stock opened at $12.16 on Friday. The firm has a market capitalization of $59.06 billion, a P/E ratio of 18.71, a PEG ratio of 0.48 and a beta of 0.95. Nu Holdings Ltd. has a 1 year low of $11.20 and a 1 year high of $18.98. The business has a 50-day moving average of $13.58 and a 200-day moving average of $15.40. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36.

NU (NYSE:NU) last posted its earnings results on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. On average, equities analysts anticipate that Nu Holdings Ltd. will post 0.84 EPS for the current year.

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

Insider Activity at NU

In related news, Director Anita M. Sands sold 21,000 shares of the business’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 value of $257,040.00. Following the completion of the transaction, the director directly owned 162,150 shares in the company, valued at approximately $1,984,716. The trade was a 11.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $14.81, for a total value of $4,443,000.00. Following the completion of the transaction, the chief executive officer owned 2,312,338 shares of the company’s stock, 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. 1.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NU has been the subject of several analyst reports. Bank of America restated an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. Zacks Research lowered NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Scotiabank lowered NU to a “sector perform” rating and set a $13.00 target price for the company. in a research report on Wednesday, June 3rd. Susquehanna lowered NU from a “positive” rating to a “neutral” rating and decreased their target price for the stock from $18.00 to $13.00 in a research report on Wednesday, June 3rd. Finally, CICC Research initiated coverage on NU in a research report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price for the company. Nine equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.08.

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.