Clough Capital Partners L P Buys 65,882 Shares of Nu Holdings Ltd. $NU

Clough Capital Partners L P boosted its stake in Nu Holdings Ltd. (NYSE:NU) by 130.6% in the 4th quarter, Holdings Channel reports. The firm owned 116,337 shares of the company’s stock after acquiring an additional 65,882 shares during the quarter. Clough Capital Partners L P’s holdings in NU were worth $1,947,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NU. Norges Bank bought a new position in NU in the 4th quarter worth about $763,792,000. Lone Pine Capital LLC bought a new position in NU in the 3rd quarter worth about $406,757,000. Jennison Associates LLC boosted its stake in NU by 82.6% in the 4th quarter. Jennison Associates LLC now owns 39,370,791 shares of the company’s stock worth $659,067,000 after purchasing an additional 17,809,644 shares during the period. Atmos Capital Gestao DE Recursos LTDA. boosted its position in shares of NU by 109.1% during the 4th quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 29,813,810 shares of the company’s stock valued at $499,083,000 after acquiring an additional 15,552,726 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in shares of NU by 98.4% during the 3rd quarter. Marshall Wace LLP now owns 29,141,505 shares of the company’s stock valued at $466,555,000 after acquiring an additional 14,449,834 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NU shares. UBS Group dropped their price target on NU from $18.10 to $16.90 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Susquehanna downgraded NU from a “positive” rating to a “neutral” rating and dropped their price target for the company from $18.00 to $13.00 in a research report on Wednesday, June 3rd. Scotiabank downgraded NU to a “sector perform” rating and set a $13.00 price target for the company. in a research report on Wednesday, June 3rd. Weiss Ratings downgraded NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Finally, Bank of America reiterated an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. Nine research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, NU has a consensus rating of “Moderate Buy” and a consensus price target of $17.08.

NU Stock Performance

Shares of NU opened at $12.87 on Thursday. The company has a market cap of $62.48 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 0.51 and a beta of 0.95. 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 Holdings Ltd. has a 12-month low of $11.20 and a 12-month high of $18.98. The stock has a 50-day moving average price of $13.49 and a 200-day moving average price of $15.30.

NU (NYSE:NU) last announced its quarterly earnings data 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). The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. As a group, equities analysts forecast that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.

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

Insider Transactions at NU

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 2,312,338 shares of the company’s stock, valued at approximately $34,245,725.78. This trade represents a 11.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Anita M. Sands sold 21,000 shares of the firm’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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.20% of the company’s stock.

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.