Intellectus Partners LLC Grows Position in Nu Holdings Ltd. $NU

Intellectus Partners LLC grew its stake in Nu Holdings Ltd. (NYSE:NU) by 174.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,990 shares of the company’s stock after purchasing an additional 44,450 shares during the period. Intellectus Partners LLC’s holdings in NU were worth $1,172,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Maxi Investments CY Ltd boosted its position in NU by 85.5% in the 4th quarter. Maxi Investments CY Ltd now owns 783,000 shares of the company’s stock worth $13,107,000 after purchasing an additional 361,000 shares in the last quarter. C WorldWide Group Holding A S boosted its position in NU by 1,045.3% in the 4th quarter. C WorldWide Group Holding A S now owns 311,792 shares of the company’s stock worth $5,219,000 after purchasing an additional 284,569 shares in the last quarter. Vanguard Group Inc. boosted its position in NU by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 24,814,878 shares of the company’s stock worth $415,401,000 after purchasing an additional 1,037,438 shares in the last quarter. Genoa Capital Gestora de Recursos Ltda. purchased a new stake in NU in the 4th quarter worth approximately $3,869,000. Finally, Blue Owl Capital Holdings LP purchased a new position in shares of NU during the 3rd quarter valued at approximately $2,784,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Price Performance

NU stock opened at $11.66 on Thursday. The company’s fifty day moving average price is $13.88 and its 200 day moving average price is $15.58. Nu Holdings Ltd. has a 1 year low of $11.20 and a 1 year high of $18.98. The stock has a market capitalization of $56.59 billion, a P/E ratio of 17.93, a P/E/G ratio of 0.48 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 (NYSE:NU) last announced 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 during 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, equities research analysts anticipate that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NU has been the topic of a number of research analyst reports. CICC Research initiated coverage on shares of NU in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price target on the stock. Bank of America reissued an “underperform” rating on shares of NU in a research note on Tuesday. Susquehanna cut shares of NU from a “positive” rating to a “neutral” rating and dropped their price target for the company from $18.00 to $13.00 in a research note on Wednesday. UBS Group dropped their price target on shares of NU from $18.10 to $16.90 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Finally, Zacks Research cut shares of NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Ten research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, NU has an average rating of “Moderate Buy” and an average target price of $17.08.

Insiders Place Their Bets

In other NU news, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $12.24, for a total value of $257,040.00. Following the transaction, the director owned 162,150 shares in the company, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were 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 $34,245,725.78. The trade was a 11.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.20% of the company’s stock.

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.