Nu Holdings Ltd. $NU Holdings Lowered by Aubrey Capital Management Ltd

Aubrey Capital Management Ltd lowered its position in Nu Holdings Ltd. (NYSE:NU) by 27.2% during the first quarter, HoldingsChannel.com reports. The fund owned 818,300 shares of the company’s stock after selling 305,200 shares during the quarter. NU accounts for approximately 6.3% of Aubrey Capital Management Ltd’s holdings, making the stock its 5th largest holding. Aubrey Capital Management Ltd’s holdings in NU were worth $11,759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity

In related news, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. CICC Research assumed coverage on shares of NU in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price objective on the stock. Weiss Ratings cut shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Needham & Company LLC assumed coverage on shares of NU in a research report on Friday, June 26th. They issued a “buy” rating and a $17.00 price target on the stock. Zacks Research cut shares of NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Finally, Susquehanna downgraded NU from a “positive” rating to a “neutral” rating and cut their price objective for the stock from $18.00 to $13.00 in a research report on Wednesday, June 3rd. Ten research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.24.

NU Price Performance

NYSE:NU opened at $14.01 on Wednesday. The firm has a market cap of $68.00 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 0.55 and a beta of 0.95. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. The company’s 50-day moving average is $12.91 and its two-hundred day moving average is $14.83. Nu Holdings Ltd. has a 12-month low of $11.20 and a 12-month high of $18.98.

NU (NYSE:NU) last released its quarterly earnings results on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. Research analysts expect that Nu Holdings Ltd. will post 0.83 EPS for the current year.

NU declared that its Board of Directors has authorized a stock buyback plan on Thursday, June 4th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

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.