Sylebra Capital LLC Trims Position in Nu Holdings Ltd. $NU

Sylebra Capital LLC cut its position in shares of Nu Holdings Ltd. (NYSE:NU) by 58.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 466,419 shares of the company’s stock after selling 642,804 shares during the period. NU makes up about 0.9% of Sylebra Capital LLC’s portfolio, making the stock its 10th biggest holding. Sylebra Capital LLC’s holdings in NU were worth $6,702,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NU. LOM Asset Management Ltd purchased a new stake in NU during the fourth quarter valued at $25,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of NU by 14,810.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock valued at $25,000 after purchasing an additional 1,481 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of NU by 5,448.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock valued at $27,000 after purchasing an additional 1,580 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of NU in the 4th quarter worth approximately $27,000. Finally, Morse Asset Management Inc purchased a new position in shares of NU in the 4th quarter worth approximately $31,000. Institutional investors own 84.02% of the company’s stock.

NU Price Performance

NU opened at $14.71 on Wednesday. The business has a fifty day moving average of $13.11 and a 200 day moving average of $14.63. 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 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.

NU (NYSE:NU) last announced 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 net margin of 18.20% and a return on equity of 30.91%. The business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.06 billion. As a group, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.83 EPS for the current year.

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

Analysts Set New Price Targets

NU has been the topic of several analyst reports. Weiss Ratings downgraded NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Susquehanna lowered shares of NU from a “positive” rating to a “neutral” rating and dropped their price objective for the stock from $18.00 to $13.00 in a research note on Wednesday, June 3rd. Bank of America reaffirmed an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. Needham & Company LLC started coverage on shares of NU in a research report on Friday, June 26th. They set a “buy” rating and a $17.00 price objective on the stock. Finally, CICC Research assumed coverage on shares of NU in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 target price on the stock. Ten analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.24.

Insider Activity

In other news, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $12.24, for a total transaction of $257,040.00. Following the completion of the sale, the director directly owned 162,150 shares of the company’s stock, valued at approximately $1,984,716. The trade was a 11.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

NU 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.