3,281,682 Shares in Nu Holdings Ltd. $NU Purchased by Clearbridge Investments LLC

Clearbridge Investments LLC acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 3,281,682 shares of the company’s stock, valued at approximately $54,935,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LOM Asset Management Ltd acquired a new stake in shares of NU during the 4th quarter worth about $25,000. Cornerstone Planning Group LLC increased its position in shares of NU by 5,448.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after purchasing an additional 1,580 shares during the last quarter. Morse Asset Management Inc acquired a new stake in shares of NU during the 4th quarter worth about $31,000. Fifth Third Bancorp increased its position in shares of NU by 433.0% during the 4th quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock worth $33,000 after purchasing an additional 1,615 shares during the last quarter. Finally, VSM Wealth Advisory LLC increased its position in shares of NU by 1,000.0% during the 3rd quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company’s stock worth $53,000 after purchasing an additional 3,000 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Stock Performance

Shares of NU stock opened at $11.58 on Tuesday. The business has a 50-day moving average of $13.74 and a 200 day moving average of $15.50. Nu Holdings Ltd. has a 12 month low of $11.20 and a 12 month high of $18.98. The stock has a market capitalization of $56.25 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 0.48 and a beta of 0.95. 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 announced its earnings results on Friday, May 15th. The company reported $0.19 EPS 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 analysts’ expectations of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. As a group, sell-side analysts forecast that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.

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

Wall Street Analyst Weigh In

NU has been the subject of a number of research analyst reports. UBS Group lowered their target price on NU from $18.10 to $16.90 and set a “buy” rating for the company in a report on Wednesday, May 20th. Zacks Research cut NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. CICC Research initiated coverage on NU in a report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price for the company. Bank of America restated an “underperform” rating on shares of NU in a report on Tuesday, June 2nd. Finally, Scotiabank cut NU to a “sector perform” rating and set a $13.00 target price for the company. in a report on Wednesday, June 3rd. Ten research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.08.

Insider Activity

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

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.