Candriam S.C.A. Buys 2,137,400 Shares of Nu Holdings Ltd. $NU

Key Points

• Candriam S.C.A. increased its Nu Holdings stake by 616% in the third quarter, buying 2,137,400 shares to hold 2,484,400 shares valued at about $31.6 million.
• Institutional investors own 84.02% of Nu Holdings; several other funds also increased their positions during the quarter.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $18.25. NU opened at $12.01, while company insiders sold about 386,700 shares over the prior 90 days.

Candriam S.C.A. increased its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 616.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,484,400 shares of the company's stock after purchasing an additional 2,137,400 shares during the period. Candriam S.C.A. owned 0.05% of NU worth $31,567,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NU. Allen Investment Management LLC boosted its stake in NU by 1.9% during the third quarter. Allen Investment Management LLC now owns 3,611,056 shares of the company's stock valued at $45,716,000 after buying an additional 67,695 shares in the last quarter. Verus Capital Partners LLC raised its position in NU by 12.7% in the third quarter. Verus Capital Partners LLC now owns 65,520 shares of the company's stock worth $829,000 after acquiring an additional 7,400 shares in the last quarter. CenterBook Partners LP raised its position in NU by 94.7% in the third quarter. CenterBook Partners LP now owns 1,354,881 shares of the company's stock worth $17,153,000 after acquiring an additional 659,085 shares in the last quarter. Asset One Wealth Management LLC lifted its holdings in NU by 11.0% in the 3rd quarter. Asset One Wealth Management LLC now owns 27,298 shares of the company's stock valued at $346,000 after acquiring an additional 2,698 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its holdings in NU by 61.8% in the 3rd quarter. Kestra Advisory Services LLC now owns 59,282 shares of the company's stock valued at $751,000 after acquiring an additional 22,648 shares during the last quarter. Institutional investors own 84.02% of the company's stock.

NU Trading Down 0.2%

Shares of NYSE NU opened at $12.01 on Monday. Nu Holdings Ltd. has a 12 month low of $11.20 and a 12 month high of $18.98. The company has a market cap of $58.31 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 0.50 and a beta of 0.97. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $14.01 and a 200-day simple moving average of $14.36.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The company reported $0.22 earnings per share for the quarter. The business had revenue of $5.88 billion during the quarter. NU had a return on equity of 31.59% and a net margin of 18.65%. Sell-side analysts predict that Nu Holdings Ltd. will post 0.85 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NU shares. Itau BBA Securities lowered shares of NU from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $20.00 to $18.00 in a research report on Wednesday, September 16th. Susquehanna increased their target price on shares of NU from $13.00 to $16.00 and gave the company a "neutral" rating in a research note on Friday, August 14th. JPMorgan Chase & Co. raised their target price on shares of NU from $20.00 to $23.00 and gave the stock an "overweight" rating in a report on Tuesday, October 6th. Rothschild & Co Redburn set a $19.00 price target on shares of NU in a research report on Monday, September 28th. Finally, UBS Group lifted their price target on shares of NU from $18.20 to $20.50 and gave the stock a "buy" rating in a research report on Tuesday, October 20th. Ten equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, NU currently has a consensus rating of "Moderate Buy" and an average price target of $18.25.

Insider Transactions at NU

In other NU news, CEO Cristina Junqueira sold 25,000 shares of the firm's stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $15.01, for a total value of $375,250.00. Following the completion of the transaction, the chief executive officer directly owned 4,877,593 shares in the company, valued at $73,212,670.93. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Henrique Camossa Sald Fragelli sold 221,707 shares of NU stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the completion of the transaction, the insider directly owned 979,446 shares in the company, valued at approximately $15,485,041.26. This trade represents a 18.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 386,707 shares of company stock valued at $6,001,588 over the last ninety days. Insiders own 1.20% of the company's stock.

About NU

Nu Holdings Ltd., which operates under the Nubank brand, is a digital financial services company founded in Brazil in 2013. It provides banking and related services through mobile apps and other digital channels, with a focus on simplifying access to financial products.

Its offerings include digital accounts, payment cards, credit products, personal loans, and investment services. The company also provides services to small businesses, with products and availability varying by country.

Nu serves customers in Brazil, Mexico, and Colombia.

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