Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes $1.14 Million Position in Nu Holdings Ltd. $NU

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 68,198 shares of the company’s stock, valued at approximately $1,142,000.

Other institutional investors also recently made changes to their positions in the company. LOM Asset Management Ltd bought a new position in shares of NU during the fourth quarter valued at approximately $25,000. Cornerstone Planning Group LLC grew its holdings in shares of NU by 5,448.3% during the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock valued at $27,000 after purchasing an additional 1,580 shares during the last quarter. Jordan Park Group LLC grew its holdings in shares of NU by 129.3% during the third quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock valued at $31,000 after purchasing an additional 1,104,421 shares during the last quarter. Morse Asset Management Inc bought a new position in shares of NU during the fourth quarter valued at approximately $31,000. Finally, Fifth Third Bancorp grew its holdings in shares of NU by 433.0% during the fourth quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock valued at $33,000 after purchasing an additional 1,615 shares during the last quarter. 84.02% of the stock is owned by institutional investors.

NU Stock Performance

Shares of NU stock opened at $12.74 on Friday. Nu Holdings Ltd. has a 12-month low of $11.71 and a 12-month high of $18.98. The firm has a market capitalization of $61.84 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 0.51 and a beta of 1.01. The business has a 50 day simple moving average of $14.11 and a 200 day simple moving average of $15.77. 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 issued its quarterly earnings data on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NU had a return on equity of 30.91% and a net margin of 18.20%.The business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.06 billion. On average, equities research analysts anticipate that Nu Holdings Ltd. will post 0.84 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NU shares. Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a report on Tuesday, March 17th. 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. Susquehanna upped their target price on NU from $19.00 to $22.00 and gave the company a “positive” rating in a report on Tuesday, January 27th. Zacks Research lowered NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, Bank of America reissued 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.39.

Insider Buying and Selling

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the stock in a transaction 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 completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anita M. Sands sold 21,000 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $12.24, for a total value of $257,040.00. Following the transaction, the director directly owned 162,150 shares of the company’s stock, valued at approximately $1,984,716. The trade was a 11.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.20% of the company’s stock.

NU Company 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.