Milestones Administradora de Recursos Ltda. Buys 238,945 Shares of Nu Holdings Ltd. $NU

Milestones Administradora de Recursos Ltda. lifted its stake in Nu Holdings Ltd. (NYSE:NU) by 7.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,393,059 shares of the company’s stock after buying an additional 238,945 shares during the period. NU comprises approximately 7.7% of Milestones Administradora de Recursos Ltda.’s holdings, making the stock its 7th largest holding. Milestones Administradora de Recursos Ltda.’s holdings in NU were worth $42,956,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of NU. Quadrant Capital Group LLC boosted its stake in NU by 76.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 11,755 shares of the company’s stock valued at $149,000 after buying an additional 5,094 shares in the last quarter. Benchmark Financial Wealth Advisors LLC bought a new stake in NU in the third quarter valued at $135,000. Robeco Institutional Asset Management B.V. raised its stake in NU by 28.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 15,250,682 shares of the company’s stock worth $193,074,000 after acquiring an additional 3,415,141 shares in the last quarter. Diversify Advisory Services LLC raised its stake in NU by 6.4% during the third quarter. Diversify Advisory Services LLC now owns 61,587 shares of the company’s stock worth $780,000 after acquiring an additional 3,721 shares in the last quarter. Finally, Petredis Investment Advisors LLC raised its stake in NU by 3.0% during the third quarter. Petredis Investment Advisors LLC now owns 224,345 shares of the company’s stock worth $2,840,000 after acquiring an additional 6,510 shares in the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NU. Rothschild & Co Redburn set a $19.00 price objective on NU in a report on Monday, September 28th. JPMorgan Chase & Co. upped their target price on shares of NU from $20.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, October 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $19.00 target price on shares of NU in a report on Monday, September 28th. Weiss Ratings cut shares of NU from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Finally, Susquehanna lifted their price target on shares of NU from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, August 14th. Nine investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.12.

NU Stock Down 0.2%

Shares of NU opened at $15.05 on Thursday. The company has a market capitalization of $73.10 billion, a P/E ratio of 20.34, a PEG ratio of 0.62 and a beta of 0.95. Nu Holdings Ltd. has a one year low of $11.20 and a one year high of $18.98. The business’s 50 day simple moving average is $14.56 and its 200-day simple moving average is $13.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.55 and a quick ratio of 0.55.

NU (NYSE:NU) last released its quarterly earnings results on Tuesday, June 30th. The company reported $0.22 earnings per share for the quarter. NU had a return on equity of 31.59% and a net margin of 18.65%. The firm had revenue of $5.88 billion during the quarter. As a group, sell-side analysts predict that Nu Holdings Ltd. will post 0.86 EPS for the current fiscal year.

Insiders Place Their Bets

In other NU news, CEO Cristina Junqueira sold 65,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $14.71, for a total value of $956,150.00. Following the transaction, the chief executive officer owned 2,542,083 shares of the company’s stock, valued at approximately $37,394,040.93. The trade was a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $15.81, for a total value of $3,505,187.67. Following the sale, the insider owned 979,446 shares in the company, valued at $15,485,041.26. The trade was a 18.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 386,707 shares of company stock worth $6,001,588. Insiders own 1.20% of the company’s stock.

NU Company Profile

Nubank (NYSE: NU) is a digital financial services company headquartered in São Paulo, Brazil. Founded in 2013, the company was established to simplify banking through technology and expand access to financial services in markets traditionally served by large, conventional institutions.

Nubank offers a range of consumer and business products, including digital bank accounts, credit cards, personal loans, payment services, investment products and insurance. Its platform is designed to allow customers to manage accounts, payments and other financial products through mobile applications and other digital channels.

The company primarily serves customers in Brazil, Mexico and Colombia.