Groupe la Francaise Increases Position in Nu Holdings Ltd. $NU

Groupe la Francaise lifted its holdings in Nu Holdings Ltd. (NYSE:NU) by 50.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 872,703 shares of the company’s stock after purchasing an additional 291,553 shares during the quarter. Groupe la Francaise’s holdings in NU were worth $11,670,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Morgan Stanley grew its holdings in NU by 2.9% in the fourth quarter. Morgan Stanley now owns 121,350,701 shares of the company’s stock valued at $2,031,411,000 after purchasing an additional 3,419,077 shares during the period. State Street Corp lifted its position in shares of NU by 0.3% during the 3rd quarter. State Street Corp now owns 91,478,395 shares of the company’s stock valued at $1,464,569,000 after buying an additional 239,660 shares in the last quarter. Bank of America Corp DE grew its stake in NU by 8.6% in the 1st quarter. Bank of America Corp DE now owns 45,966,932 shares of the company’s stock valued at $660,545,000 after acquiring an additional 3,656,945 shares during the period. Norges Bank acquired a new stake in NU in the 4th quarter valued at $763,792,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in NU by 11.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 42,602,086 shares of the company’s stock worth $713,160,000 after acquiring an additional 4,215,824 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

Insider Transactions at NU

In other NU news, CEO Cristina Junqueira sold 65,000 shares of NU stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $14.71, for a total value of $956,150.00. Following the completion of the transaction, the chief executive officer directly owned 2,542,083 shares of the company’s stock, valued at $37,394,040.93. The trade was a 2.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Henrique Camossa Sald Fragelli sold 221,707 shares of NU stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the completion of the transaction, the insider owned 979,446 shares of the company’s stock, valued at $15,485,041.26. This trade represents a 18.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 361,707 shares of company stock valued at $5,626,338 in the last three months.

NU Trading Down 0.2%

Shares of NU opened at $15.34 on Monday. 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 $74.49 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 0.60 and a beta of 0.94. The firm’s fifty day moving average is $14.23 and its two-hundred day moving average is $14.05. 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 (NYSE:NU) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $5.88 billion during the quarter. NU had a net margin of 18.65% and a return on equity of 31.59%. Research analysts forecast that Nu Holdings Ltd. will post 0.86 earnings per share for the current fiscal year.

NU announced that its board has authorized a share repurchase program on Thursday, June 4th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Susquehanna upped their price objective on shares of NU from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. Wolfe Research dropped their target price on shares of NU from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 25th. Bank of America reissued an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. Weiss Ratings downgraded shares of NU from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Finally, JPMorgan Chase & Co. raised their price target on shares of NU from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. 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. According to data from MarketBeat.com, NU currently has an average rating of “Moderate Buy” and an average price target of $17.91.

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.