Nu Holdings Ltd. $NU Shares Sold by Strs Ohio

Strs Ohio lowered its position in shares of Nu Holdings Ltd. (NYSE:NU) by 5.7% in the first quarter, Holdings Channel reports. The institutional investor owned 720,403 shares of the company’s stock after selling 43,921 shares during the period. Strs Ohio’s holdings in NU were worth $10,352,000 as of its most recent filing with the SEC.

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

Insider Activity at NU

In other news, Director Anita M. Sands sold 21,000 shares of NU stock in a transaction 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 sale, the director owned 162,150 shares of the company’s stock, valued at $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 is available at the SEC website.

Analysts Set New Price Targets

A number of brokerages have issued reports on NU. Weiss Ratings cut shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. UBS Group cut their target price on shares of NU from $18.10 to $16.90 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Bank of America reiterated an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. Finally, Scotiabank lowered NU to a “sector perform” rating and set a $13.00 target price on the stock. in a research note on Wednesday, June 3rd. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.07.

NU Price Performance

NYSE:NU opened at $13.60 on Monday. Nu Holdings Ltd. has a 12-month low of $11.20 and a 12-month high of $18.98. The firm has a market cap of $66.02 billion, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 0.54 and a beta of 0.95. The company’s 50-day moving average is $13.01 and its two-hundred day moving average is $14.96. 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 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). NU had a net margin of 18.20% and a return on equity of 30.91%. The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.06 billion. Research analysts expect that Nu Holdings Ltd. will post 0.83 EPS for the current year.

NU announced that its board has initiated a share 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. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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.