Nu Holdings Ltd. $NU Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lowered its position in shares of Nu Holdings Ltd. (NYSE:NU) by 4.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,075,844 shares of the company’s stock after selling 95,489 shares during the quarter. Exchange Traded Concepts LLC’s holdings in NU were worth $34,750,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NU. Norges Bank acquired a new position in NU in the second quarter valued at approximately $626,569,000. Lone Pine Capital LLC acquired a new stake in NU during the third quarter worth $406,757,000. Marshall Wace LLP raised its position in NU by 98.4% in the third quarter. Marshall Wace LLP now owns 29,141,505 shares of the company’s stock valued at $466,555,000 after purchasing an additional 14,449,834 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of NU by 276.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 18,416,144 shares of the company’s stock valued at $294,842,000 after purchasing an additional 13,529,278 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its stake in shares of NU by 182.9% in the 3rd quarter. William Blair Investment Management LLC now owns 19,449,424 shares of the company’s stock valued at $311,385,000 after purchasing an additional 12,574,893 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Insider Buying and Selling

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the sale, the chief executive officer owned 2,312,338 shares in the company, valued at $34,245,725.78. This represents a 11.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by insiders.

Analysts Set New Price Targets

NU has been the subject of a number of recent analyst reports. Susquehanna raised their price objective on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research report on Tuesday, January 27th. Zacks Research cut shares of NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Itau BBA Securities restated an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. Finally, Weiss Ratings upgraded NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.26.

NU Price Performance

NU stock opened at $13.62 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $18.98. The firm has a market cap of $65.61 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 0.55 and a beta of 1.11. The company’s 50 day moving average is $16.10 and its two-hundred day moving average is $16.16.

NU (NYSE:NU) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.55 billion. NU had a return on equity of 30.68% and a net margin of 18.19%. On average, research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.