Machina Capital S.A.S. Makes New Investment in Nu Holdings Ltd. $NU

Machina Capital S.A.S. bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 137,077 shares of the company’s stock, valued at approximately $1,735,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Waverly Advisors LLC increased its stake in shares of NU by 6.4% in the second quarter. Waverly Advisors LLC now owns 12,933 shares of the company’s stock valued at $173,000 after buying an additional 783 shares during the period. Legacy Wealth Asset Management LLC boosted its holdings in NU by 1.9% in the second quarter. Legacy Wealth Asset Management LLC now owns 50,790 shares of the company’s stock valued at $679,000 after acquiring an additional 935 shares during the last quarter. Harbor Investment Advisory LLC increased its position in NU by 68.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 3,010 shares of the company’s stock valued at $40,000 after purchasing an additional 1,220 shares during the period. AlTi Global Inc. raised its holdings in NU by 2.0% during the 1st quarter. AlTi Global Inc. now owns 65,411 shares of the company’s stock worth $940,000 after purchasing an additional 1,275 shares during the last quarter. Finally, Breakwater Capital Group lifted its position in shares of NU by 6.4% in the 2nd quarter. Breakwater Capital Group now owns 21,266 shares of the company’s stock worth $284,000 after purchasing an additional 1,284 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NU. Rothschild & Co Redburn set a $19.00 target price on shares of NU in a research note on Monday, September 28th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $20.00 to $18.00 in a research report on Wednesday, September 16th. Wolfe Research dropped their price objective on NU from $18.00 to $17.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 25th. Monness Crespi & Hardt assumed coverage on NU in a research report on Monday, October 26th. They set a “buy” rating and a $20.00 target price on the stock. Finally, Weiss Ratings raised NU from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Ten research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.25.

Recent NU Headlines

Investors following NU have been watching these headlines:

• Positive Sentiment: Nu reported Q3 revenue of $6.26 billion, above analyst estimates of $5.96 billion. Zacks said earnings of $0.22 per share matched its consensus estimate, while another comparison put EPS one cent below expectations. Nu Holdings Q3 revenue beats as it embarks on global expansion
• Positive Sentiment: The company’s Q3 announcement highlighted its global expansion, potentially providing a longer-term growth opportunity, though the reports supplied limited detail. Nu Holdings Q3 financial results
• Negative Sentiment: Some coverage compared the $0.22 EPS result with a $0.23 estimate, indicating a slight earnings miss. Investors may also be weighing concerns about rising delinquencies discussed in pre-earnings commentary. Nu Holdings quarterly earnings results Nu Holdings earnings preview on delinquencies

Insider Buying and Selling at NU

In related news, CEO Cristina Junqueira sold 65,000 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $14.71, for a total value of $956,150.00. Following the transaction, the chief executive officer directly owned 2,542,083 shares in the company, valued at $37,394,040.93. This trade represents a 2.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 115,000 shares of company stock worth $1,706,400 over the last quarter. 1.20% of the stock is owned by corporate insiders.

NU Stock Down 3.9%

NU stock opened at $11.85 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.35. Nu Holdings Ltd. has a 12-month low of $11.20 and a 12-month high of $18.98. The firm’s fifty day moving average is $13.81 and its 200 day moving average is $14.25. The company has a market capitalization of $57.52 billion, a PE ratio of 16.01, a PEG ratio of 0.51 and a beta of 0.97.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, November 12th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $5.96 billion. NU had a return on equity of 31.59% and a net margin of 18.65%. During the same quarter in the previous year, the business posted $0.16 earnings per share. As a group, sell-side analysts predict that Nu Holdings Ltd. will post 0.85 EPS for the current fiscal year.

NU Profile

Nu Holdings Ltd., which operates under the Nubank brand, is a digital financial services company founded in Brazil in 2013. It provides banking and related services through mobile apps and other digital channels, with a focus on simplifying access to financial products. Its offerings include digital accounts, payment cards, credit products, personal loans, and investment services. The company also provides services to small businesses, with products and availability varying by country. Nu serves customers in Brazil, Mexico, and Colombia.