Nu Holdings Ltd. $NU Shares Bought by C WorldWide Group Holding A S

C WorldWide Group Holding A S raised its stake in Nu Holdings Ltd. (NYSE:NU) by 1,188.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 4,973,457 shares of the company’s stock after purchasing an additional 4,587,432 shares during the quarter. NU comprises about 1.6% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 16th biggest position. C WorldWide Group Holding A S’s holdings in NU were worth $66,445,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Caitong International Asset Management Co. Ltd boosted its position in shares of NU by 14,810.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after purchasing an additional 1,481 shares during the period. Zions Bancorporation National Association UT purchased a new position in NU during the 4th quarter valued at about $27,000. Hollencrest Capital Management acquired a new position in NU in the 4th quarter valued at about $33,000. Harbor Investment Advisory LLC grew its position in NU by 68.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 3,010 shares of the company’s stock valued at $40,000 after acquiring an additional 1,220 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in NU by 61.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 3,260 shares of the company’s stock worth $55,000 after purchasing an additional 1,240 shares during the period. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Stock Down 0.4%

Shares of NYSE:NU opened at $15.30 on Wednesday. The firm’s 50 day moving average price is $14.31 and its 200 day moving average price is $14.03. The stock has a market cap of $74.31 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 0.60 and a beta of 0.94. Nu Holdings Ltd. has a fifty-two week low of $11.20 and a fifty-two week high of $18.98. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.35.

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

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

Analyst Ratings Changes

Several research firms have recently commented on NU. Wolfe Research lowered their price objective on shares of NU from $18.00 to $17.00 and set an “outperform” rating for the company in a research note on Tuesday, August 25th. Scotiabank downgraded shares of NU to a “sector perform” rating and set a $13.00 target price on the stock. in a research note on Wednesday, June 3rd. Bank of America reiterated an “underperform” rating on shares of NU in a report on Tuesday, June 2nd. UBS Group raised their price target on shares of NU from $16.90 to $18.20 and gave the company a “buy” rating in a research report on Thursday, August 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of NU from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.91.

Insiders Place Their Bets

In related news, insider Henrique Camossa Sald Fragelli sold 221,707 shares of NU stock in a transaction on Friday, August 14th. The stock was sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the completion of the transaction, the insider directly owned 979,446 shares of the company’s stock, valued at approximately $15,485,041.26. The trade was a 18.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Cristina Junqueira sold 65,000 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $14.71, for a total transaction of $956,150.00. Following the completion of the sale, the chief executive officer directly owned 2,542,083 shares in the company, valued at approximately $37,394,040.93. The trade was a 2.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 361,707 shares of company stock worth $5,626,338. 1.20% of the stock is owned by insiders.

NU Company Profile

Nu Holdings Ltd., operating under the Nubank brand, is a digital financial services company that provides banking, payments and credit products through mobile applications. Its offerings include digital bank accounts, credit cards, personal loans, payment services, investment products and insurance, serving consumers and small businesses.

Founded in Brazil in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nubank was established to simplify financial services and expand access to banking through technology.