North Dakota State Investment Board Takes Position in Nu Holdings Ltd. $NU

North Dakota State Investment Board purchased a new stake in shares of Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 117,777 shares of the company’s stock, valued at approximately $1,972,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NU. EverSource Wealth Advisors LLC increased its holdings in NU by 63.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock worth $52,000 after acquiring an additional 1,464 shares in the last quarter. Jump Financial LLC increased its holdings in NU by 541.8% in the 2nd quarter. Jump Financial LLC now owns 185,434 shares of the company’s stock worth $2,544,000 after acquiring an additional 156,539 shares in the last quarter. WINTON GROUP Ltd increased its holdings in NU by 38.5% in the 2nd quarter. WINTON GROUP Ltd now owns 37,156 shares of the company’s stock worth $510,000 after acquiring an additional 10,332 shares in the last quarter. AXA S.A. increased its holdings in NU by 1.4% in the 2nd quarter. AXA S.A. now owns 192,311 shares of the company’s stock worth $2,639,000 after acquiring an additional 2,682 shares in the last quarter. Finally, Nebula Research & Development LLC increased its holdings in NU by 63.7% in the 2nd quarter. Nebula Research & Development LLC now owns 19,937 shares of the company’s stock worth $274,000 after acquiring an additional 7,760 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Trading Up 0.8%

Shares of NU opened at $12.29 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.58 and a quick ratio of 0.58. Nu Holdings Ltd. has a 1 year low of $11.71 and a 1 year high of $18.98. The company has a 50 day simple moving average of $14.26 and a two-hundred day simple moving average of $15.86. The firm has a market cap of $59.65 billion, a P/E ratio of 18.90, a price-to-earnings-growth ratio of 0.49 and a beta of 1.01.

NU (NYSE:NU) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NU had a net margin of 18.20% and a return on equity of 32.46%. The company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.06 billion. On average, equities analysts expect that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.

Insider Transactions at NU

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 2,312,338 shares of the company’s stock, valued at $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 available through the SEC website.

Analysts Set New Price Targets

Several research firms recently issued reports on NU. Bank of America reissued a “neutral” rating on shares of NU in a report on Monday, March 9th. Itau BBA Securities reissued an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Susquehanna increased their target price on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday, January 27th. Zacks Research lowered shares of NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, Weiss Ratings lowered shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.46.

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.