Nu Holdings Ltd. $NU Shares Sold by Kera Capital Partners Inc.

Kera Capital Partners Inc. reduced its position in Nu Holdings Ltd. (NYSE:NU) by 25.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 467,665 shares of the company’s stock after selling 162,984 shares during the period. Kera Capital Partners Inc.’s holdings in NU were worth $6,720,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Maxi Investments CY Ltd raised its stake in NU by 85.5% during the fourth quarter. Maxi Investments CY Ltd now owns 783,000 shares of the company’s stock worth $13,107,000 after acquiring an additional 361,000 shares during the period. C WorldWide Group Holding A S boosted its stake in NU by 1,045.3% in the fourth quarter. C WorldWide Group Holding A S now owns 311,792 shares of the company’s stock valued at $5,219,000 after acquiring an additional 284,569 shares during the period. Vanguard Group Inc. grew its holdings in shares of NU by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 24,814,878 shares of the company’s stock valued at $415,401,000 after purchasing an additional 1,037,438 shares during the last quarter. Genoa Capital Gestora de Recursos Ltda. bought a new position in shares of NU during the fourth quarter valued at approximately $3,869,000. Finally, Danske Bank A S grew its holdings in shares of NU by 515.0% during the fourth quarter. Danske Bank A S now owns 5,074,732 shares of the company’s stock valued at $84,951,000 after purchasing an additional 4,249,632 shares during the last quarter. 84.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NU has been the topic of several recent research reports. Zacks Research downgraded NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Susquehanna downgraded NU from a “positive” rating to a “neutral” rating and lowered their price objective for the stock from $18.00 to $13.00 in a research note on Wednesday, June 3rd. Scotiabank lowered NU to a “sector perform” rating and set a $13.00 target price on the stock. in a research report on Wednesday, June 3rd. UBS Group cut their target price on NU from $18.10 to $16.90 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of NU from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Ten 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.24.

NU Stock Performance

Shares of NYSE NU opened at $13.60 on Friday. Nu Holdings Ltd. has a 12-month low of $11.20 and a 12-month high of $18.98. The company has a market cap of $66.06 billion, a PE ratio of 20.93, a P/E/G ratio of 0.55 and a beta of 0.95. The stock has a 50 day simple moving average of $12.89 and a 200-day simple moving average of $14.78. 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 (NYSE:NU) last posted its earnings results on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. On average, equities research analysts forecast that Nu Holdings Ltd. will post 0.83 EPS for the current year.

NU declared that its Board of Directors has initiated a share buyback plan on Thursday, June 4th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction 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 directly owned 162,150 shares of the company’s stock, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

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.