Nu Holdings Ltd. $NU Stock: Deltec Asset Management LLC Boosts Position

Deltec Asset Management LLC grew its position in Nu Holdings Ltd. (NYSE:NU) by 111.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 95,000 shares of the company’s stock after purchasing an additional 50,000 shares during the period. Deltec Asset Management LLC’s holdings in NU were worth $1,203,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NU. Dimensional Fund Advisors LP increased its position in NU by 990.3% during the first quarter. Dimensional Fund Advisors LP now owns 298,789 shares of the company’s stock worth $4,294,000 after buying an additional 271,385 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of NU by 5.6% in the second quarter. Handelsbanken Fonder AB now owns 2,770,572 shares of the company’s stock worth $37,015,000 after acquiring an additional 146,764 shares during the last quarter. C WorldWide Group Holding A S lifted its position in shares of NU by 1,188.4% in the second quarter. C WorldWide Group Holding A S now owns 4,973,457 shares of the company’s stock valued at $66,445,000 after acquiring an additional 4,587,432 shares in the last quarter. Groupe la Francaise lifted its position in shares of NU by 50.2% in the second quarter. Groupe la Francaise now owns 872,703 shares of the company’s stock valued at $11,670,000 after acquiring an additional 291,553 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of NU by 8.9% during the first quarter. The Manufacturers Life Insurance Company now owns 904,485 shares of the company’s stock valued at $12,997,000 after acquiring an additional 73,818 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

Insider Buying and Selling

In other news, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $15.81, for a total value of $3,505,187.67. Following the completion of the sale, the insider owned 979,446 shares of the company’s stock, valued at $15,485,041.26. This represents a 18.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Cristina Junqueira sold 65,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer directly owned 2,542,083 shares in the company, valued at approximately $37,394,040.93. This represents a 2.49% decrease in their position. 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 ninety days, insiders have sold 386,707 shares of company stock worth $6,001,588.

Analysts Set New Price Targets

NU has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on NU from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 6th. Weiss Ratings lowered shares of NU from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 price target on shares of NU in a research note on Monday, September 28th. Susquehanna lifted their price target on shares of NU from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Finally, Wolfe Research cut their price objective on shares of NU from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, August 25th. Ten equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.25.

NU Stock Down 17.0%

Shares of NYSE NU opened at $12.58 on Tuesday. The firm has a fifty day moving average of $14.52 and a 200-day moving average of $14.59. Nu Holdings Ltd. has a 52-week low of $11.20 and a 52-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. The stock has a market capitalization of $61.10 billion, a PE ratio of 17.01, a P/E/G ratio of 0.62 and a beta of 0.95.

NU (NYSE:NU) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.22 EPS for the quarter. The company had revenue of $5.88 billion during the quarter. NU had a return on equity of 31.59% and a net margin of 18.65%. On average, analysts anticipate that Nu Holdings Ltd. will post 0.86 EPS for the current year.

NU News Roundup

Here are the key news stories impacting NU this week:

• Positive Sentiment: Monness Crespi & Hardt initiated coverage of Nu Holdings with a “buy” rating and a $20 price target, implying substantial upside from recent trading levels. Monness Crespi & Hardt stock recommendations
• Positive Sentiment: Nu Holdings recently reported that quarterly net income increased 49% year over year to more than $1 billion, while its efficient customer economics support continued growth. The company is also preparing to launch in the United States, creating a potential long-term expansion opportunity. Nu Holdings Earned More Than $1 Billion in a Quarter
• Neutral Sentiment: The broader Brazilian equity market came under pressure after Luiz Inácio Lula da Silva’s surprising re-election, with investors reassessing the outlook for economic policy, government intervention and borrowing costs. Brazilian Stocks Sink After Surprising Presidential Election Result
• Negative Sentiment: Investors viewed the election outcome as a major surprise and feared that policies under Lula could hurt Brazil’s economy and weigh on financial companies. Because Nu Holdings has significant exposure to Brazil, its shares suffered an especially severe decline and reached their lowest level since early June. Why Nu Holdings Stock Got Crushed on Monday

NU Profile

Nubank (NYSE: NU) is a digital financial services company headquartered in São Paulo, Brazil. Founded in 2013, the company was established to simplify banking through technology and expand access to financial services in markets traditionally served by large, conventional institutions.

Nubank offers a range of consumer and business products, including digital bank accounts, credit cards, personal loans, payment services, investment products and insurance. Its platform is designed to allow customers to manage accounts, payments and other financial products through mobile applications and other digital channels.

The company primarily serves customers in Brazil, Mexico and Colombia.