Nomura Asset Management Co. Ltd. Sells 61,193 Shares of Nu Holdings Ltd. $NU

Nomura Asset Management Co. Ltd. lowered its stake in Nu Holdings Ltd. (NYSE:NU) by 3.1% in the fourth quarter, Holdings Channel reports. The fund owned 1,887,606 shares of the company’s stock after selling 61,193 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in NU were worth $31,599,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NU. EverSource Wealth Advisors LLC raised its holdings in NU by 63.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after buying an additional 1,464 shares during the last quarter. Jump Financial LLC raised its holdings in NU by 541.8% in the 2nd quarter. Jump Financial LLC now owns 185,434 shares of the company’s stock valued at $2,544,000 after buying an additional 156,539 shares during the last quarter. WINTON GROUP Ltd raised its holdings in NU by 38.5% in the 2nd quarter. WINTON GROUP Ltd now owns 37,156 shares of the company’s stock valued at $510,000 after buying an additional 10,332 shares during the last quarter. AXA S.A. raised its holdings in NU by 1.4% in the 2nd quarter. AXA S.A. now owns 192,311 shares of the company’s stock valued at $2,639,000 after buying an additional 2,682 shares during the last quarter. Finally, Nebula Research & Development LLC raised its holdings in NU by 63.7% in the 2nd quarter. Nebula Research & Development LLC now owns 19,937 shares of the company’s stock valued at $274,000 after buying an additional 7,760 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Zacks Research lowered shares of NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Weiss Ratings lowered shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. CICC Research assumed coverage on shares of NU in a report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price objective for the company. Finally, Bank of America reiterated a “neutral” rating on shares of NU in a report on Monday, March 9th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.39.

Insider Activity at NU

In other news, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $12.24, for a total transaction of $257,040.00. Following the completion of the sale, the director owned 162,150 shares of the company’s stock, valued at $1,984,716. This trade represents a 11.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the sale, the chief executive officer directly owned 2,312,338 shares of the company’s stock, valued at approximately $34,245,725.78. This trade represents a 11.48% decrease in their position. The SEC filing for this sale provides additional information.

NU Stock Performance

NYSE:NU opened at $12.97 on Tuesday. The company has a market capitalization of $62.95 billion, a PE ratio of 19.95, a P/E/G ratio of 0.52 and a beta of 0.95. The company has a 50 day simple moving average of $13.98 and a two-hundred day simple moving average of $15.64. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58. Nu Holdings Ltd. has a fifty-two week low of $11.71 and a fifty-two week high of $18.98.

NU (NYSE:NU) last released its earnings results on Friday, May 15th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $5.32 billion for 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%. Research analysts anticipate that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.

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.