Nu Holdings Ltd. $NU Stock Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in Nu Holdings Ltd. (NYSE:NU) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,610,035 shares of the company’s stock after purchasing an additional 74,703 shares during the quarter. Russell Investments Group Ltd. owned about 0.14% of NU worth $83,608,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GK Wealth Management LLC purchased a new position in NU during the 3rd quarter worth $31,000. Harbor Investment Advisory LLC increased its stake in NU by 68.2% in the second quarter. Harbor Investment Advisory LLC now owns 3,010 shares of the company’s stock valued at $40,000 after purchasing an additional 1,220 shares during the period. Ancora Advisors LLC purchased a new stake in shares of NU in the second quarter valued at about $76,000. TD Waterhouse Canada Inc. raised its holdings in shares of NU by 48.7% in the third quarter. TD Waterhouse Canada Inc. now owns 6,755 shares of the company’s stock valued at $90,000 after buying an additional 2,213 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of NU by 58.1% during the first quarter. EverSource Wealth Advisors LLC now owns 6,468 shares of the company’s stock worth $93,000 after buying an additional 2,377 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Performance

NU traded up $1.31 during trading on Friday, hitting $13.14. The stock had a trading volume of 152,506,468 shares, compared to its average volume of 84,930,656. The firm has a market capitalization of $63.79 billion, a P/E ratio of 16.42, a PEG ratio of 0.49 and a beta of 0.97. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.55 and a current ratio of 0.55. Nu Holdings Ltd. has a twelve month low of $11.20 and a twelve month high of $18.98. The company’s 50-day moving average price is $13.76 and its 200 day moving average price is $14.22.

NU (NYSE:NU) last released its earnings results on Thursday, November 12th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). NU had a return on equity of 32.54% and a net margin of 18.66%. The firm had revenue of $6.26 billion during the quarter, compared to analyst estimates of $5.96 billion. During the same quarter last year, the business posted $0.16 EPS. On average, equities research analysts forecast that Nu Holdings Ltd. will post 0.85 EPS for the current fiscal year.

Recent NU Headlines

Investors following NU have been watching these headlines:

• Positive Sentiment: Nu reported record Q3 revenue of $6.26 billion, topping the roughly $5.96 billion analyst estimate, and record net income of $1.09 billion. EPS was $0.22, just below the $0.23 estimate cited by some analysts. Article: Nu Holdings Surges on Record Q3 Earnings Beat
• Positive Sentiment: Needham reaffirmed its Buy rating and set a $19 price target, while unusually high call-option activity also pointed to increased bullish positioning. Needham rating information
• Negative Sentiment: Rising non-performing loans remain a risk investors are watching, and reported EPS came in slightly below some consensus estimates despite the revenue beat. Article: Nu Holdings Earnings and Investor Concerns

Insider Activity

In other news, CEO Cristina Junqueira sold 65,000 shares of the business’s 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 transaction, the chief executive officer directly owned 2,542,083 shares in the company, valued at $37,394,040.93. The trade was a 2.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 115,000 shares of company stock worth $1,706,400 in the last quarter. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NU shares. Susquehanna raised their price target on NU from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Rothschild & Co Redburn set a $19.00 price objective on NU in a research note on Monday, September 28th. JPMorgan Chase & Co. upped their price objective on NU from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, October 6th. UBS Group increased their price objective on NU from $18.20 to $20.50 and gave the stock a “buy” rating in a research report on Tuesday, October 20th. Finally, Wolfe Research lowered their target price on NU from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 25th. Ten analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.25.

About NU

Nu Holdings Ltd., which operates under the Nubank brand, is a digital financial services company founded in Brazil in 2013. It provides banking and related services through mobile apps and other digital channels, with a focus on simplifying access to financial products. Its offerings include digital accounts, payment cards, credit products, personal loans, and investment services. The company also provides services to small businesses, with products and availability varying by country. Nu serves customers in Brazil, Mexico, and Colombia.