Lombard Odier Asset Management Europe Ltd Takes Position in Nu Holdings Ltd. $NU

Lombard Odier Asset Management Europe Ltd bought a new stake in Nu Holdings Ltd. (NYSE:NU) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 438,343 shares of the company’s stock, valued at approximately $6,299,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Maxi Investments CY Ltd grew its holdings in NU by 85.5% during the fourth 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 during the period. C WorldWide Group Holding A S raised its stake in NU by 1,045.3% in the fourth quarter. C WorldWide Group Holding A S now owns 311,792 shares of the company’s stock valued at $5,219,000 after buying an additional 284,569 shares during the period. Vanguard Group Inc. raised its stake in NU by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 24,814,878 shares of the company’s stock valued at $415,401,000 after acquiring an additional 1,037,438 shares during the period. Genoa Capital Gestora de Recursos Ltda. bought a new stake in NU in the 4th quarter valued at $3,869,000. Finally, Danske Bank A S lifted its holdings in NU by 515.0% during the 4th quarter. Danske Bank A S now owns 5,074,732 shares of the company’s stock valued at $84,951,000 after purchasing an additional 4,249,632 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors.

NU Trading Up 0.1%

Shares of NU stock opened at $14.35 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.36. Nu Holdings Ltd. has a 12-month low of $11.20 and a 12-month high of $18.98. The company has a market capitalization of $69.65 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 0.57 and a beta of 0.94. The firm’s 50-day moving average price is $13.19 and its two-hundred day moving average price is $14.56.

NU (NYSE:NU) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. On average, analysts forecast that Nu Holdings Ltd. will post 0.83 earnings per share for the current fiscal year.

NU declared that its Board of Directors has approved a stock buyback program on Thursday, June 4th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. CICC Research started coverage on shares of NU in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price objective on the stock. Scotiabank downgraded shares of NU to a “sector perform” rating and set a $13.00 price objective for the company. in a research report on Wednesday, June 3rd. Needham & Company LLC assumed coverage on NU in a research note on Friday, June 26th. They set a “buy” rating and a $17.00 target price on the stock. Weiss Ratings lowered NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Finally, UBS Group reduced their target price on shares of NU from $18.10 to $16.90 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Ten equities 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 company’s stock. According to MarketBeat, NU has an average rating of “Moderate Buy” and a consensus price target of $17.24.

Insider Activity

In other news, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $12.24, for a total transaction of $257,040.00. Following the completion of the transaction, the director owned 162,150 shares of the company’s stock, valued at approximately $1,984,716. The trade was a 11.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.