Odyssean LLC Makes New $3.26 Million Investment in Nu Holdings Ltd. $NU

Odyssean LLC acquired a new stake in Nu Holdings Ltd. (NYSE:NU) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 243,873 shares of the company’s stock, valued at approximately $3,258,000. NU accounts for about 0.5% of Odyssean LLC’s investment portfolio, making the stock its 22nd biggest position.

Other hedge funds also recently modified their holdings of the company. Parallel Advisors LLC grew its stake in NU by 3.7% in the 4th quarter. Parallel Advisors LLC now owns 16,820 shares of the company’s stock valued at $282,000 after buying an additional 601 shares during the last quarter. Aptus Capital Advisors LLC lifted its position in NU by 3.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 19,008 shares of the company’s stock worth $318,000 after acquiring an additional 624 shares during the last quarter. Wisconsin Capital Management LLC boosted its holdings in shares of NU by 1.1% during the fourth quarter. Wisconsin Capital Management LLC now owns 68,284 shares of the company’s stock worth $1,143,000 after acquiring an additional 737 shares during the period. World Investment Advisors boosted its holdings in shares of NU by 5.1% during the first quarter. World Investment Advisors now owns 16,370 shares of the company’s stock worth $235,000 after acquiring an additional 791 shares during the period. Finally, Mason & Associates Inc grew its position in shares of NU by 2.7% in the first quarter. Mason & Associates Inc now owns 30,783 shares of the company’s stock valued at $416,000 after purchasing an additional 808 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on NU from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Scotiabank lowered NU to a “sector perform” rating and set a $13.00 price objective on the stock. in a report on Wednesday, June 3rd. Weiss Ratings cut NU from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday. Needham & Company LLC lifted their target price on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Finally, Susquehanna boosted their target price on shares of NU from $13.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. Nine research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.91.

NU Stock Up 2.6%

Shares of NU opened at $15.14 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.35. Nu Holdings Ltd. has a 12 month low of $11.20 and a 12 month high of $18.98. The firm’s 50 day moving average is $13.87 and its 200-day moving average is $14.18. The stock has a market capitalization of $73.51 billion, a PE ratio of 20.46, a P/E/G ratio of 0.58 and a beta of 0.94.

NU (NYSE:NU) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.22 earnings per share (EPS) for the quarter. The business 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%. Equities research analysts forecast that Nu Holdings Ltd. will post 0.86 EPS for the current year.

NU announced that its board has authorized a stock buyback program on Thursday, June 4th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at NU

In other news, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the sale, the insider directly owned 979,446 shares of the company’s stock, valued at approximately $15,485,041.26. This represents a 18.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Cristina Helena Zing Junqueira sold 50,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $15.80, for a total value of $790,000.00. Following the sale, the chief executive officer directly owned 4,927,593 shares in the company, valued at approximately $77,855,969.40. This trade represents a 1.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

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.