Sarasin & Partners LLP Invests $478,000 in Nu Holdings Ltd. $NU

Sarasin & Partners LLP acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 35,800 shares of the company’s stock, valued at approximately $478,000.

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in shares of NU by 63.5% in 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 period. Jump Financial LLC lifted its stake in shares of NU by 541.8% during the 2nd 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 lifted 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 valued at $510,000 after buying an additional 10,332 shares in the last quarter. AXA S.A. boosted its holdings in NU by 1.4% in 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 period. Finally, Nebula Research & Development LLC boosted its holdings in NU by 63.7% in 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 period. 84.02% of the stock is currently owned by institutional investors.

Insider Transactions at NU

In other NU news, Director Anita M. Sands sold 21,000 shares of NU stock in a transaction that occurred 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 sale, the director owned 162,150 shares of the company’s stock, valued at $1,984,716. The trade was a 11.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NU shares. Weiss Ratings lowered NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Needham & Company LLC began coverage on NU in a research note on Friday, June 26th. They issued a “buy” rating and a $17.00 price objective for the company. UBS Group cut their target price on NU from $18.10 to $16.90 and set a “buy” rating for the company in a research report on Wednesday, May 20th. JPMorgan Chase & Co. lifted their target price on NU from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Finally, Susquehanna cut NU from a “positive” rating to a “neutral” rating and lowered their price target for the stock from $18.00 to $13.00 in a report on Wednesday, June 3rd. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.24.

NU Stock Down 2.6%

Shares of NU stock opened at $14.10 on Friday. The company’s fifty day simple moving average is $13.30 and its two-hundred day simple moving average is $14.50. Nu Holdings Ltd. has a 52 week low of $11.20 and a 52 week high of $18.98. The stock has a market cap of $68.48 billion, a P/E ratio of 21.70, a PEG ratio of 0.58 and a beta of 0.94. 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 (NYSE:NU) last issued 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). NU had a net margin of 18.20% and a return on equity of 30.91%. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Analysts predict that Nu Holdings Ltd. will post 0.83 EPS for the current fiscal year.

NU announced that its Board of Directors has authorized a stock repurchase program on Thursday, June 4th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

About NU

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.