Polen Capital Management LLC Trims Holdings in Nu Holdings Ltd. $NU

Polen Capital Management LLC decreased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 24.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,157,836 shares of the company’s stock after selling 383,326 shares during the period. Polen Capital Management LLC’s holdings in NU were worth $19,382,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NU. Sowell Financial Services LLC raised its holdings in NU by 4.8% in the fourth quarter. Sowell Financial Services LLC now owns 12,952 shares of the company’s stock worth $217,000 after buying an additional 599 shares during the last quarter. Parallel Advisors LLC increased its position in shares of NU by 3.7% during the fourth quarter. Parallel Advisors LLC now owns 16,820 shares of the company’s stock valued at $282,000 after acquiring an additional 601 shares in the last quarter. MBM Wealth Consultants LLC raised its holdings in NU by 1.2% in the 4th quarter. MBM Wealth Consultants LLC now owns 50,284 shares of the company’s stock worth $842,000 after acquiring an additional 607 shares during the last quarter. Cornerstone Wealth Group LLC raised its holdings in NU by 1.2% in the 4th quarter. Cornerstone Wealth Group LLC now owns 51,724 shares of the company’s stock worth $866,000 after acquiring an additional 621 shares during the last quarter. Finally, Euro Pacific Asset Management LLC lifted its position in NU by 0.3% in the 4th quarter. Euro Pacific Asset Management LLC now owns 233,618 shares of the company’s stock valued at $3,642,000 after acquiring an additional 708 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Trading Up 3.7%

NYSE:NU opened at $12.05 on Friday. The company has a market cap of $58.51 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 0.46 and a beta of 0.95. 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 has a 50 day simple moving average of $13.62 and a two-hundred day simple moving average of $15.42. Nu Holdings Ltd. has a 12 month low of $11.20 and a 12 month high of $18.98.

NU (NYSE:NU) last released its quarterly earnings results on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $5.06 billion. Research analysts forecast that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.

NU announced that its Board of Directors has initiated a share repurchase plan on Thursday, June 4th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts have commented on NU shares. UBS Group cut their target price on NU from $18.10 to $16.90 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Scotiabank downgraded NU to a “sector perform” rating and set a $13.00 price target on the stock. in a report on Wednesday, June 3rd. Weiss Ratings cut NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. 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 report on Wednesday, June 3rd. Finally, Zacks Research lowered NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Ten research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.08.

Insider Activity

In other NU news, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $12.24, for a total transaction of $257,040.00. Following the completion of the sale, the director directly owned 162,150 shares in the company, valued at $1,984,716. The trade was a 11.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the company’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 sale, the chief executive officer directly 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 position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.20% of the company’s stock.

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.