University of Illinois Foundation Invests $5.11 Million in Nu Holdings Ltd. $NU

University of Illinois Foundation acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 305,000 shares of the company’s stock, valued at approximately $5,106,000. NU accounts for about 1.8% of University of Illinois Foundation’s holdings, making the stock its 10th largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in NU. Norges Bank acquired a new position in shares of NU during the fourth quarter worth approximately $763,792,000. Lone Pine Capital LLC acquired a new position in shares of NU during the third quarter worth approximately $406,757,000. Jennison Associates LLC boosted its position in shares of NU by 82.6% during the fourth quarter. Jennison Associates LLC now owns 39,370,791 shares of the company’s stock worth $659,067,000 after buying an additional 17,809,644 shares during the period. Marshall Wace LLP boosted its position in shares of NU by 98.4% during the third quarter. Marshall Wace LLP now owns 29,141,505 shares of the company’s stock worth $466,555,000 after buying an additional 14,449,834 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of NU by 276.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 18,416,144 shares of the company’s stock worth $294,842,000 after buying an additional 13,529,278 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NU has been the subject of several analyst reports. Susquehanna downgraded NU from a “positive” rating to a “neutral” rating and reduced their price objective for the stock from $18.00 to $13.00 in a research report on Wednesday, June 3rd. Scotiabank downgraded NU to a “sector perform” rating and set a $13.00 price objective for the company. in a research report on Wednesday, June 3rd. Bank of America reiterated an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. CICC Research initiated coverage on NU in a research report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price objective for the company. Finally, Zacks Research cut NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, NU currently has an average rating of “Moderate Buy” and an average price target of $17.08.

Insider Activity at NU

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $34,245,725.78. The trade was a 11.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anita M. Sands sold 21,000 shares of the business’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 value of $257,040.00. Following the sale, the director directly owned 162,150 shares in the company, valued at approximately $1,984,716. The trade was a 11.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

NU Price Performance

Shares of NYSE:NU opened at $12.16 on Monday. Nu Holdings Ltd. has a 12 month low of $11.20 and a 12 month high of $18.98. The stock has a market cap of $59.06 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 0.49 and a beta of 0.95. The stock’s 50 day moving average price is $13.58 and its 200 day moving average price is $15.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.58 and a quick ratio of 0.58.

NU (NYSE:NU) last announced 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). 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 the consensus estimate of $5.06 billion. Equities research analysts anticipate that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.

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

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.