Kera Capital Partners Inc. Has $11.19 Million Stock Position in Nu Holdings Ltd. $NU

Kera Capital Partners Inc. lifted its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 9.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 630,649 shares of the company’s stock after purchasing an additional 53,921 shares during the period. NU accounts for 1.4% of Kera Capital Partners Inc.’s holdings, making the stock its 15th biggest position. Kera Capital Partners Inc.’s holdings in NU were worth $11,194,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in NU during the fourth quarter worth $763,792,000. Larch Capital Partners LLC acquired a new stake in NU in the fourth quarter valued at $605,829,000. Lone Pine Capital LLC bought a new position in shares of NU in the 3rd quarter valued at about $406,757,000. Jennison Associates LLC grew its position in shares of NU by 82.6% in the 4th quarter. Jennison Associates LLC now owns 39,370,791 shares of the company’s stock valued at $659,067,000 after acquiring an additional 17,809,644 shares during the period. Finally, Atmos Capital Gestao DE Recursos LTDA. increased its stake in shares of NU by 109.1% during the 4th quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 29,813,810 shares of the company’s stock worth $499,083,000 after purchasing an additional 15,552,726 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Price Performance

Shares of NU opened at $12.73 on Friday. The firm has a market capitalization of $61.83 billion, a PE ratio of 19.59, a PEG ratio of 0.51 and a beta of 0.95. The company’s 50-day moving average is $13.46 and its 200-day moving average is $15.27. 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 debt-to-equity ratio of 0.36, a current ratio of 0.58 and a quick ratio of 0.58.

NU (NYSE:NU) last posted its 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). NU had a return on equity of 30.91% and a net margin of 18.20%.The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.06 billion. Equities analysts forecast that Nu Holdings Ltd. will post 0.84 EPS for the current year.

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

Insider Activity at NU

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 2,312,338 shares in the company, valued at $34,245,725.78. This trade represents a 11.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $257,040.00. Following the sale, the director owned 162,150 shares of the company’s stock, valued at approximately $1,984,716. This represents a 11.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NU. Susquehanna cut shares of NU from a “positive” rating to a “neutral” rating and dropped their target price for the company from $18.00 to $13.00 in a report on Wednesday, June 3rd. CICC Research assumed coverage on NU in a research report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price target on the stock. Weiss Ratings downgraded NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Itau BBA Securities restated an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. Finally, Zacks Research cut NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Nine investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $17.08.

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.