Ashoka WhiteOak Capital Pte Ltd Purchases New Holdings in Nu Holdings Ltd. $NU

Key Points

• Ashoka WhiteOak Capital acquired 662,220 shares of Nu Holdings, valued at approximately $8.18 million, making NU its 13th-largest holding and 2.4% of its portfolio. Institutional investors collectively own 84.02% of the company.
• Analysts maintain a generally positive outlook, with 10 Buy, 5 Hold and 1 Sell rating. NU has a “Moderate Buy” consensus and an average price target of $18.25.
• Company insiders sold 386,707 shares worth approximately $6.0 million during the quarter, while NU shares opened at $12.04—below both their 50-day and 200-day moving averages.

Ashoka WhiteOak Capital Pte Ltd acquired a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 662,220 shares of the company's stock, valued at approximately $8,178,000. NU comprises approximately 2.4% of Ashoka WhiteOak Capital Pte Ltd's investment portfolio, making the stock its 13th largest holding.

Other institutional investors have also made changes to their positions in the company. Waverly Advisors LLC increased its stake in NU by 6.4% in the 2nd quarter. Waverly Advisors LLC now owns 12,933 shares of the company's stock valued at $173,000 after buying an additional 783 shares during the last quarter. World Investment Advisors grew its holdings in shares of NU by 5.1% in the 1st quarter. World Investment Advisors now owns 16,370 shares of the company's stock valued at $235,000 after acquiring an additional 791 shares in the last quarter. Mason & Associates Inc grew its holdings in shares of NU by 2.7% in the 1st quarter. Mason & Associates Inc now owns 30,783 shares of the company's stock valued at $416,000 after acquiring an additional 808 shares in the last quarter. United Asset Strategies Inc. increased its position in shares of NU by 1.6% in the first quarter. United Asset Strategies Inc. now owns 54,216 shares of the company's stock valued at $779,000 after acquiring an additional 837 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC raised its holdings in NU by 1.9% during the second quarter. Legacy Wealth Asset Management LLC now owns 50,790 shares of the company's stock worth $679,000 after acquiring an additional 935 shares in the last quarter. Institutional investors own 84.02% of the company's stock.

Analysts Set New Price Targets

NU has been the subject of several recent research reports. Susquehanna increased their price target on NU from $13.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, August 14th. Weiss Ratings lowered NU from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, August 21st. Wolfe Research dropped their price objective on NU from $18.00 to $17.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 25th. JPMorgan Chase & Co. increased their price objective on NU from $20.00 to $23.00 and gave the company an "overweight" rating in a report on Tuesday, October 6th. Finally, Itau BBA Securities cut shares of NU from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $20.00 to $18.00 in a research note on Wednesday, September 16th. Ten equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $18.25.

Insider Transactions at NU

In other news, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the company's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $15.81, for a total value of $3,505,187.67. Following the transaction, the insider owned 979,446 shares of the company's stock, valued at approximately $15,485,041.26. This represents a 18.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Cristina Junqueira sold 65,000 shares of the business's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $14.71, for a total value of $956,150.00. Following the completion of the sale, the chief executive officer owned 2,542,083 shares of the company's stock, valued at $37,394,040.93. This trade represents a 2.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 386,707 shares of company stock worth $6,001,588. 1.20% of the stock is owned by company insiders.

NU Stock Up 0.6%

NU opened at $12.04 on Friday. The stock's fifty day simple moving average is $14.37 and its 200 day simple moving average is $14.51. Nu Holdings Ltd. has a 1-year low of $11.20 and a 1-year high of $18.98. The stock has a market cap of $58.46 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 0.49 and a beta of 0.95. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.35.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.22 EPS for the quarter. The firm had revenue of $5.88 billion during the quarter. NU had a net margin of 18.65% and a return on equity of 31.59%. As a group, research analysts expect that Nu Holdings Ltd. will post 0.86 earnings per share for the current year.

NU Company Profile

Nubank NYSE: NU is a digital financial services company headquartered in São Paulo, Brazil. Founded in 2013, the company was established to simplify banking through technology and expand access to financial services in markets traditionally served by large, conventional institutions.

Nubank offers a range of consumer and business products, including digital bank accounts, credit cards, personal loans, payment services, investment products and insurance. Its platform is designed to allow customers to manage accounts, payments and other financial products through mobile applications and other digital channels.

The company primarily serves customers in Brazil, Mexico and Colombia.

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