Mizuho Markets Cayman LP Buys 194,809 Shares of Nu Holdings Ltd. $NU

Mizuho Markets Cayman LP boosted its stake in Nu Holdings Ltd. (NYSE:NU) by 33.7% during the first quarter, Holdings Channel.com reports. The firm owned 772,786 shares of the company’s stock after buying an additional 194,809 shares during the period. NU accounts for about 0.6% of Mizuho Markets Cayman LP’s portfolio, making the stock its 22nd largest position. Mizuho Markets Cayman LP’s holdings in NU were worth $11,105,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its stake in shares of NU by 63.5% in the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock worth $52,000 after buying an additional 1,464 shares during the period. Jump Financial LLC boosted its position in NU by 541.8% during the 2nd quarter. Jump Financial LLC now owns 185,434 shares of the company’s stock valued at $2,544,000 after buying an additional 156,539 shares during the period. WINTON GROUP Ltd boosted its position in NU by 38.5% during the 2nd quarter. WINTON GROUP Ltd now owns 37,156 shares of the company’s stock valued at $510,000 after buying an additional 10,332 shares during the period. AXA S.A. grew 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 during the last quarter. Finally, Nebula Research & Development LLC grew 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 during the last quarter. Institutional investors own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

NU has been the subject of several recent analyst reports. Weiss Ratings downgraded shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Needham & Company LLC started coverage on NU in a research note on Friday, June 26th. They issued a “buy” rating and a $17.00 target price on the stock. Susquehanna downgraded NU from a “positive” rating to a “neutral” rating and reduced their price target for the company from $18.00 to $13.00 in a report on Wednesday, June 3rd. UBS Group lowered their price target on NU from $18.10 to $16.90 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. increased their price objective on NU from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, NU has an average rating of “Moderate Buy” and an average target price of $17.24.

NU Stock Up 0.8%

Shares of NYSE NU opened at $14.51 on Thursday. 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 Holdings Ltd. has a 12 month low of $11.20 and a 12 month high of $18.98. The firm has a market capitalization of $70.45 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 0.58 and a beta of 0.95. The firm has a fifty day simple moving average of $12.96 and a two-hundred day simple moving average of $14.72.

NU (NYSE:NU) last announced its earnings results 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 company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.06 billion. Equities analysts expect that Nu Holdings Ltd. will post 0.83 earnings per share for the current year.

NU declared that its Board of Directors has initiated a stock repurchase program on Thursday, June 4th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other NU news, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $12.24, for a total value of $257,040.00. Following the completion of the sale, the director directly owned 162,150 shares in the company, valued at $1,984,716. This trade represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.20% of the stock is owned by company insiders.

NU Company 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.