Nu Holdings Ltd. $NU Shares Sold by Capital Research Global Investors

Capital Research Global Investors lowered its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 11.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 164,099,198 shares of the company’s stock after selling 20,507,942 shares during the period. Capital Research Global Investors’ holdings in NU were worth $2,747,059,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NU. LOM Asset Management Ltd acquired a new stake in NU during the 4th quarter worth $25,000. Cornerstone Planning Group LLC boosted its stake in NU by 5,448.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after purchasing an additional 1,580 shares during the period. Morse Asset Management Inc acquired a new stake in NU during the 4th quarter worth $31,000. Fifth Third Bancorp boosted its stake in NU by 433.0% during the 4th quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock worth $33,000 after purchasing an additional 1,615 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in NU by 63.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock worth $52,000 after purchasing an additional 1,464 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Insider Activity

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 2,312,338 shares in the company, valued at approximately $34,245,725.78. This trade represents a 11.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $12.24, for a total transaction of $257,040.00. Following the sale, the director directly owned 162,150 shares in the company, valued at $1,984,716. This represents a 11.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on NU. Zacks Research cut shares of NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. CICC Research started coverage on shares of NU in a research report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price objective for the company. Scotiabank downgraded shares of NU to a “sector perform” rating and set a $13.00 price objective for the company. in a research report on Wednesday. Susquehanna downgraded shares of NU from a “positive” rating to a “neutral” rating and cut their price objective for the stock from $18.00 to $13.00 in a research report on Wednesday. Finally, UBS Group cut their price objective 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. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given 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 $17.08.

NU Stock Performance

Shares of NU opened at $11.97 on Friday. The company has a 50-day simple moving average of $13.79 and a 200-day simple moving average of $15.53. 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 company has a market capitalization of $58.10 billion, a PE ratio of 18.41, a P/E/G ratio of 0.48 and a beta of 0.95. Nu Holdings Ltd. has a 52-week low of $11.20 and a 52-week high of $18.98.

NU (NYSE:NU) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $5.32 billion during the quarter, compared to analysts’ expectations 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 0.84 earnings per share for the current fiscal year.

NU announced that its board has initiated a stock buyback program on Thursday, June 4th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.