Nu Holdings Ltd. $NU Shares Sold by Kontiki Capital Management HK Ltd.

Kontiki Capital Management HK Ltd. lowered its holdings in Nu Holdings Ltd. (NYSE:NU) by 10.3% in the fourth quarter, HoldingsChannel reports. The firm owned 34,197,238 shares of the company’s stock after selling 3,933,558 shares during the quarter. NU makes up approximately 33.3% of Kontiki Capital Management HK Ltd.’s holdings, making the stock its biggest holding. Kontiki Capital Management HK Ltd.’s holdings in NU were worth $572,462,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in NU. EverSource Wealth Advisors LLC grew its holdings in shares of NU by 63.5% in the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after purchasing an additional 1,464 shares in the last quarter. Jump Financial LLC grew its holdings in shares of NU by 541.8% in the second quarter. Jump Financial LLC now owns 185,434 shares of the company’s stock valued at $2,544,000 after purchasing an additional 156,539 shares in the last quarter. WINTON GROUP Ltd grew its holdings in shares of NU by 38.5% in the second quarter. WINTON GROUP Ltd now owns 37,156 shares of the company’s stock valued at $510,000 after purchasing an additional 10,332 shares in the last quarter. AXA S.A. grew its holdings in shares of NU by 1.4% in the second quarter. AXA S.A. now owns 192,311 shares of the company’s stock valued at $2,639,000 after purchasing an additional 2,682 shares in the last quarter. Finally, Nebula Research & Development LLC grew its holdings in shares of NU by 63.7% in the second quarter. Nebula Research & Development LLC now owns 19,937 shares of the company’s stock valued at $274,000 after purchasing an additional 7,760 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Trading Down 1.3%

NYSE NU opened at $11.97 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.36. Nu Holdings Ltd. has a 52 week low of $11.20 and a 52 week high of $18.98. The stock has a market capitalization of $58.10 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 0.48 and a beta of 0.95. The firm has a 50 day moving average of $13.79 and a two-hundred day moving average of $15.53.

NU (NYSE:NU) last posted its quarterly 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). NU had a return on equity of 30.91% and a net margin of 18.20%.The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.06 billion. As a group, research analysts expect that Nu Holdings Ltd. will post 0.84 EPS for the current fiscal year.

NU declared that its board has initiated a stock repurchase plan on Thursday, June 4th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at NU

In related news, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $12.24, for a total value of $257,040.00. Following the completion of the sale, the director directly owned 162,150 shares of the company’s stock, valued at $1,984,716. The trade was a 11.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. This represents a 11.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. UBS Group dropped their price objective on shares of NU from $18.10 to $16.90 and set a “buy” rating for the company in a report on Wednesday, May 20th. Susquehanna cut shares of NU from a “positive” rating to a “neutral” rating and lowered their price target for the stock from $18.00 to $13.00 in a report on Wednesday. Scotiabank cut shares of NU to a “sector perform” rating and set a $13.00 price target for the company. in a report on Wednesday. CICC Research began coverage on shares of NU in a report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price target for the company. Finally, Weiss Ratings cut shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, NU presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.08.

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.