Meitav Investment House Ltd. Takes Position in Nu Holdings Ltd. $NU

Meitav Investment House Ltd. acquired a new stake in Nu Holdings Ltd. (NYSE:NU) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 110,522 shares of the company’s stock, valued at approximately $1,588,000.

A number of other large investors have also bought and sold shares of NU. Sowell Financial Services LLC lifted its stake in NU by 4.8% in the fourth quarter. Sowell Financial Services LLC now owns 12,952 shares of the company’s stock valued at $217,000 after buying an additional 599 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of NU by 3.7% in the fourth quarter. Parallel Advisors LLC now owns 16,820 shares of the company’s stock valued at $282,000 after buying an additional 601 shares during the period. MBM Wealth Consultants LLC increased its position in shares of NU by 1.2% during the fourth quarter. MBM Wealth Consultants LLC now owns 50,284 shares of the company’s stock worth $842,000 after acquiring an additional 607 shares in the last quarter. Cornerstone Wealth Group LLC increased its position in shares of NU by 1.2% during the fourth quarter. Cornerstone Wealth Group LLC now owns 51,724 shares of the company’s stock worth $866,000 after acquiring an additional 621 shares in the last quarter. Finally, Aptus Capital Advisors LLC raised its holdings in shares of NU by 3.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 19,008 shares of the company’s stock worth $318,000 after acquiring an additional 624 shares during the period. 84.02% of the stock is owned by institutional investors.

NU Trading Down 3.0%

Shares of NU stock opened at $13.63 on Wednesday. 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 business’s 50 day moving average is $12.98 and its 200-day moving average is $14.93. Nu Holdings Ltd. has a 12-month low of $11.20 and a 12-month high of $18.98. The stock has a market cap of $66.21 billion, a P/E ratio of 20.98, a P/E/G ratio of 0.56 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 analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. Equities research analysts predict that Nu Holdings Ltd. will post 0.83 earnings per share for the current fiscal year.

NU declared that its board has authorized a share repurchase program on Thursday, June 4th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms recently commented on NU. Zacks Research cut shares of NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Bank of America reissued an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. Scotiabank lowered NU to a “sector perform” rating and set a $13.00 price target on the stock. in a report on Wednesday, June 3rd. JPMorgan Chase & Co. upped their price objective on NU from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Needham & Company LLC began coverage on NU in a research report on Friday, June 26th. They set a “buy” rating and a $17.00 price objective for the company. 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.24.

Insiders Place Their Bets

In other NU news, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $12.24, for a total transaction of $257,040.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink.

NU News Summary

Here are the key news stories impacting NU this week:

• Positive Sentiment: JPMorgan raised its price target on Nu Holdings to $20 from $18 and kept an overweight rating, signaling higher expected upside and reinforcing a constructive view on the stock. Read More
• Positive Sentiment: Recent bullish analysis argued that Nu Holdings has a large growth runway in Latin America, strong capital and margin profile, and the ability to sustain 20%+ earnings growth as it expands into underbanked markets.
• Positive Sentiment: Another bullish note said NU is trading at a lower valuation than in the past, with strong net interest income growth and expanding credit activity supporting the view that the shares may be undervalued.
• Neutral Sentiment: Nu Holdings announced an August 6 shareholder meeting to approve 2025 results and board slate, which is a routine corporate update with limited immediate stock impact.
• Negative Sentiment: Despite the optimistic analyst coverage, the stock has been under pressure recently, and a market recap noted NU fell more than the broader market in the latest session.

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.