Nu Holdings Ltd. $NU Stock Holdings Lessened by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its holdings in Nu Holdings Ltd. (NYSE:NU) by 1.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 10,242,185 shares of the company’s stock after selling 196,114 shares during the quarter. Fisher Asset Management LLC owned approximately 0.21% of NU worth $171,454,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Clearstead Advisors LLC lifted its position in shares of NU by 38.9% in the 4th quarter. Clearstead Advisors LLC now owns 3,587 shares of the company’s stock worth $60,000 after buying an additional 1,004 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of NU in the 4th quarter worth about $1,142,000. Prospera Financial Services Inc acquired a new stake in shares of NU in the 4th quarter worth about $1,738,000. Coldstream Capital Management Inc. increased its holdings in shares of NU by 23.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 33,629 shares of the company’s stock worth $563,000 after acquiring an additional 6,431 shares during the period. Finally, Life Cycle Investment Partners Ltd acquired a new stake in shares of NU in the 4th quarter worth about $43,337,000. 84.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NU has been the topic of a number of analyst reports. Bank of America reaffirmed a “neutral” rating on shares of NU in a report on Monday, March 9th. Weiss Ratings cut shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. UBS Group dropped their price objective on shares of NU from $18.10 to $16.90 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Susquehanna increased their price objective on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday, January 27th. Finally, CICC Research initiated coverage on shares of NU in a report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price objective on the stock. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.39.

NU Stock Up 0.0%

NU stock opened at $12.74 on Tuesday. The stock has a market cap of $61.84 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 0.51 and a beta of 1.01. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. The company’s 50-day moving average price is $14.09 and its two-hundred day moving average price is $15.74. Nu Holdings Ltd. has a 52 week low of $11.71 and a 52 week high of $18.98.

NU (NYSE:NU) last released its earnings results on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. On average, analysts expect that Nu Holdings Ltd. will post 0.84 EPS for the current fiscal year.

Insider Activity

In other NU news, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $12.24, for a total transaction of $257,040.00. Following the transaction, the director owned 162,150 shares of the company’s stock, valued at approximately $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. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the transaction, the chief executive officer directly owned 2,312,338 shares in the company, valued at approximately $34,245,725.78. The trade was a 11.48% decrease in their position. The SEC filing for this sale provides additional information. 1.20% of the stock is currently owned by company insiders.

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.