Baader Bank Aktiengesellschaft Grows Position in Nu Holdings Ltd. $NU

Baader Bank Aktiengesellschaft lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 18.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 483,858 shares of the company’s stock after purchasing an additional 73,881 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in NU were worth $8,056,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of NU. LOM Asset Management Ltd purchased a new position in NU during the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC boosted its holdings in NU by 5,448.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock valued at $27,000 after acquiring an additional 1,580 shares during the period. Jordan Park Group LLC boosted its holdings in NU by 129.3% during the 3rd quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock valued at $31,000 after acquiring an additional 1,104,421 shares during the period. Morse Asset Management Inc purchased a new position in NU during the 4th quarter valued at about $31,000. Finally, Fifth Third Bancorp boosted its holdings in NU by 433.0% during the 4th quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock valued at $33,000 after acquiring an additional 1,615 shares during the period. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Trading Down 3.5%

NU opened at $12.81 on Thursday. The firm has a market cap of $62.18 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 0.54 and a beta of 1.01. Nu Holdings Ltd. has a 52 week low of $11.71 and a 52 week high of $18.98. The business’s 50 day moving average is $14.40 and its two-hundred day moving average is $15.93. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.39.

NU (NYSE:NU) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.55 billion. NU had a return on equity of 30.68% and a net margin of 18.19%. On average, research analysts predict that Nu Holdings Ltd. will post 0.84 EPS for the current year.

Insider Activity

In other news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the business’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 value of $4,443,000.00. Following the transaction, the chief executive officer owned 2,312,338 shares of the company’s stock, valued at approximately $34,245,725.78. The trade was a 11.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NU. Itau BBA Securities restated an “outperform” rating on shares of NU in a report on Tuesday, March 17th. UBS Group raised NU from a “neutral” rating to a “buy” rating and increased their price target for the company from $17.20 to $17.60 in a research report on Thursday, March 19th. Susquehanna increased their price target on NU from $19.00 to $22.00 and gave the company a “positive” rating in a research report on Tuesday, January 27th. Zacks Research lowered NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Weiss Ratings raised NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.46.

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.