Fideuram Intesa Sanpaolo Private Banking S.P.A. Buys 381,234 Shares of Nu Holdings Ltd. $NU

Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its position in shares of Nu Holdings Ltd. (NYSE:NU) by 559.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 449,432 shares of the company’s stock after purchasing an additional 381,234 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in NU were worth $6,458,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. LOM Asset Management Ltd acquired a new stake in NU in the fourth quarter valued at about $25,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of NU by 14,810.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after buying an additional 1,481 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of NU by 5,448.3% during the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after buying an additional 1,580 shares in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of NU in the 4th quarter valued at $27,000. Finally, Morse Asset Management Inc bought a new position in shares of NU in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Itau BBA Securities restated an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. CICC Research started coverage on shares of NU in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price objective on the stock. Bank of America reissued an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. Scotiabank cut shares of NU to a “sector perform” rating and set a $13.00 target price on the stock. in a research note on Wednesday, June 3rd. Finally, Weiss Ratings cut NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Ten investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.07.

Insider Buying and Selling at NU

In related news, Director Anita M. Sands sold 21,000 shares of the 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. This represents a 11.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.20% of the company’s stock.

NU Price Performance

NYSE:NU opened at $13.60 on Friday. Nu Holdings Ltd. has a 52-week low of $11.20 and a 52-week high of $18.98. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market capitalization of $66.02 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 0.54 and a beta of 0.95. The stock has a fifty day moving average of $13.04 and a 200 day moving average of $14.98.

NU (NYSE:NU) last posted its quarterly earnings data 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 company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.06 billion. On average, research analysts expect that Nu Holdings Ltd. will post 0.83 EPS for the current fiscal year.

NU announced that its Board of Directors has authorized a stock buyback 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 typically a sign that the company’s board believes its stock is undervalued.

NU 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.