Cache Advisors LLC Purchases 126,416 Shares of Nu Holdings Ltd. $NU

Key Points

• Cache Advisors LLC boosted its Nu Holdings (NYSE:NU) position by 87% in Q4, buying 126,416 shares to hold 271,662 shares worth about $4.55 million, making NU its 16th-largest holding.
• CEO Cristina Junqueira sold 300,000 NU shares at an average price of $14.81 on March 23, reducing her stake by roughly 11.5%; insiders now own about 1.2% of the company.
• Analyst sentiment is broadly positive—12 Buys vs. 2 Holds with a consensus "Moderate Buy" and an average target of $18.26—while Nu recently posted an EPS beat ($0.19 vs. $0.18) and strong profitability (ROE ~30.7%, net margin ~18.2%).

Cache Advisors LLC lifted its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 87.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 271,662 shares of the company's stock after buying an additional 126,416 shares during the quarter. NU makes up 0.6% of Cache Advisors LLC's holdings, making the stock its 16th largest holding. Cache Advisors LLC's holdings in NU were worth $4,548,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp boosted its stake in shares of NU by 0.3% during the third quarter. State Street Corp now owns 91,478,395 shares of the company's stock valued at $1,464,569,000 after purchasing an additional 239,660 shares in the last quarter. WCM Investment Management LLC boosted its position in NU by 0.9% during the third quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company's stock valued at $1,187,935,000 after purchasing an additional 659,526 shares in the last quarter. Legal & General Group Plc boosted its position in NU by 5.0% during the third quarter. Legal & General Group Plc now owns 30,176,407 shares of the company's stock valued at $483,124,000 after purchasing an additional 1,430,827 shares in the last quarter. Marshall Wace LLP boosted its position in NU by 98.4% during the third quarter. Marshall Wace LLP now owns 29,141,505 shares of the company's stock valued at $466,555,000 after purchasing an additional 14,449,834 shares in the last quarter. Finally, Northern Trust Corp boosted its position in NU by 5.0% during the third quarter. Northern Trust Corp now owns 28,211,448 shares of the company's stock valued at $451,665,000 after purchasing an additional 1,333,207 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NU has been the topic of a number of recent research reports. Weiss Ratings raised NU from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, February 18th. UBS Group raised NU from a "neutral" rating to a "buy" rating and raised their price objective for the company from $17.20 to $17.60 in a research report on Thursday, March 19th. Bank of America restated a "neutral" rating on shares of NU in a research note on Monday, March 9th. Zacks Research downgraded shares of NU from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 24th. Finally, Susquehanna raised their target price on shares of NU from $19.00 to $22.00 and gave the company a "positive" rating in a research note on Tuesday, January 27th. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, NU has a consensus rating of "Moderate Buy" and an average target price of $18.26.

Insider Activity at NU

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of NU stock in a transaction dated 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 completion of 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by company insiders.

NU Trading Up 2.5%

NYSE:NU opened at $14.51 on Thursday. Nu Holdings Ltd. has a 12 month low of $9.75 and a 12 month high of $18.98. The firm has a fifty day simple moving average of $15.53 and a 200-day simple moving average of $16.07. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $69.89 billion, a P/E ratio of 25.01, a PEG ratio of 0.55 and a beta of 1.10.

NU (NYSE:NU - Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.01. NU had a return on equity of 30.68% and a net margin of 18.19%.The firm had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.55 billion. On average, equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

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.

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