Graham Capital Management L.P. Reduces Holdings in Nu Holdings Ltd. $NU

Graham Capital Management L.P. trimmed its stake in Nu Holdings Ltd. (NYSE:NU) by 33.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 302,035 shares of the company’s stock after selling 152,855 shares during the period. Graham Capital Management L.P.’s holdings in NU were worth $5,056,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NU. EverSource Wealth Advisors LLC lifted its position in shares of NU by 63.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock worth $52,000 after purchasing an additional 1,464 shares during the period. Jump Financial LLC lifted its position in shares of NU by 541.8% in the 2nd quarter. Jump Financial LLC now owns 185,434 shares of the company’s stock worth $2,544,000 after purchasing an additional 156,539 shares during the period. WINTON GROUP Ltd lifted its position in shares of NU by 38.5% in the 2nd quarter. WINTON GROUP Ltd now owns 37,156 shares of the company’s stock worth $510,000 after purchasing an additional 10,332 shares during the period. AXA S.A. lifted its position in shares of NU by 1.4% in the 2nd quarter. AXA S.A. now owns 192,311 shares of the company’s stock worth $2,639,000 after purchasing an additional 2,682 shares during the period. Finally, Nebula Research & Development LLC lifted its position in shares of NU by 63.7% in the 2nd quarter. Nebula Research & Development LLC now owns 19,937 shares of the company’s stock worth $274,000 after purchasing an additional 7,760 shares during the period. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on NU. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. Susquehanna lowered shares of NU from a “positive” rating to a “neutral” rating and decreased their price target for the stock from $18.00 to $13.00 in a research note on Wednesday, June 3rd. Weiss Ratings lowered shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. UBS Group decreased their price target on shares of NU from $18.10 to $16.90 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Finally, Zacks Research lowered shares of NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Nine 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’s stock. According to MarketBeat, NU presently has an average rating of “Moderate Buy” and an average price target of $17.08.

NU Stock Up 2.5%

NYSE:NU opened at $12.74 on Wednesday. The firm has a market cap of $61.85 billion, a P/E ratio of 19.60, a P/E/G ratio of 0.50 and a beta of 0.95. 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 $11.20 and a fifty-two week high of $18.98. The firm has a 50-day simple moving average of $13.51 and a two-hundred day simple moving average of $15.33.

NU (NYSE:NU) last released its quarterly earnings data 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 the consensus estimate of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. Analysts predict that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.

NU announced that its board has authorized a share repurchase plan on Thursday, June 4th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Insider Transactions at NU

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

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.