Nu Holdings Ltd. $NU Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 619.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 613,424 shares of the company’s stock after acquiring an additional 528,154 shares during the period. SG Americas Securities LLC’s holdings in NU were worth $10,269,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Prudential Financial Inc. raised its stake in NU by 186.3% during the second quarter. Prudential Financial Inc. now owns 403,641 shares of the company’s stock worth $5,675,000 after purchasing an additional 262,671 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of NU by 3.8% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 155,465 shares of the company’s stock valued at $2,133,000 after buying an additional 5,646 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of NU by 45.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 54,275 shares of the company’s stock worth $745,000 after buying an additional 16,980 shares during the last quarter. Choreo LLC increased its holdings in shares of NU by 12.6% during the 2nd quarter. Choreo LLC now owns 75,961 shares of the company’s stock worth $1,042,000 after buying an additional 8,484 shares during the last quarter. Finally, Korea Investment CORP raised its position in shares of NU by 0.8% during the 2nd quarter. Korea Investment CORP now owns 1,248,200 shares of the company’s stock valued at $17,125,000 after buying an additional 9,400 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

NU has been the topic of a number of recent analyst reports. Bank of America reiterated a “neutral” rating on shares of NU in a report on Monday, March 9th. Itau BBA Securities reissued an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. UBS Group upgraded NU from a “neutral” rating to a “buy” rating and lifted their target price for the company from $17.20 to $17.60 in a research report on Thursday, March 19th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $21.00 price target on shares of NU in a research note on Thursday, December 18th. Finally, Santander raised NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and an average price target of $18.26.

NU Stock Performance

Shares of NU stock opened at $13.62 on Monday. The stock has a market capitalization of $65.61 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 0.53 and a beta of 1.11. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.58 and a quick ratio of 0.56. The business has a 50-day moving average of $16.10 and a 200 day moving average of $16.17. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $18.98.

NU (NYSE:NU) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. As a group, sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Insider Buying and Selling at NU

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.