Cache Advisors LLC Reduces Holdings in Nu Holdings Ltd. $NU

Cache Advisors LLC decreased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 54.3% during the first quarter, HoldingsChannel reports. The firm owned 124,237 shares of the company’s stock after selling 147,425 shares during the quarter. Cache Advisors LLC’s holdings in NU were worth $1,785,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. LOM Asset Management Ltd purchased a new stake in NU in the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of NU by 14,810.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after acquiring an additional 1,481 shares during the period. Cornerstone Planning Group LLC grew its holdings in shares of NU by 5,448.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after acquiring an additional 1,580 shares during the period. Zions Bancorporation National Association UT bought a new position in shares of NU in the 4th quarter worth approximately $27,000. Finally, Morse Asset Management Inc bought a new position in shares of NU in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Insiders Place Their Bets

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 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 $1,984,716. This trade represents a 11.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NU. UBS Group lowered their target price on NU from $18.10 to $16.90 and set a “buy” rating for the company in a research note on Wednesday, May 20th. CICC Research assumed coverage on NU in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price target on the stock. Susquehanna downgraded NU from a “positive” rating to a “neutral” rating and decreased their price objective for the stock from $18.00 to $13.00 in a report on Wednesday, June 3rd. Bank of America reissued an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. Finally, Weiss Ratings cut shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, NU currently has a consensus rating of “Moderate Buy” and an average target price of $17.08.

NU Price Performance

Shares of NU opened at $12.60 on Wednesday. Nu Holdings Ltd. has a fifty-two week low of $11.20 and a fifty-two week high of $18.98. The firm’s 50-day simple moving average is $13.34 and its two-hundred day simple moving average is $15.17. The stock has a market cap of $61.18 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 0.51 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 released its 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). NU had a net margin of 18.20% and a return on equity of 30.91%. The business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Analysts anticipate that Nu Holdings Ltd. will post 0.83 earnings per share for the current fiscal year.

NU announced that its board has approved a share repurchase program on Thursday, June 4th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management 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.