Groupe la Francaise Acquires 291,553 Shares of Nu Holdings Ltd. $NU

Key Points

• Groupe la Française increased its Nu Holdings stake by 50.2% in the second quarter, adding 291,553 shares to own 872,703 shares valued at approximately $11.67 million.
• Institutional investors hold 84.02% of Nu Holdings, while company insiders have sold 361,707 shares worth about $5.63 million over the past 90 days.
• Nu reported quarterly earnings of $0.22 per share on $5.88 billion in revenue. Analysts maintain a “Moderate Buy” consensus, with an average price target of $17.91 versus a recent share price of $15.34.

Groupe la Francaise increased its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 50.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 872,703 shares of the company's stock after buying an additional 291,553 shares during the period. Groupe la Francaise's holdings in NU were worth $11,670,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of NU in the 4th quarter valued at about $763,792,000. Larch Capital Partners LLC purchased a new stake in NU during the fourth quarter valued at approximately $605,829,000. Squadra Investments Gestao DE Recursos LTDA. boosted its stake in NU by 266.8% in the first quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 22,312,501 shares of the company's stock valued at $320,631,000 after acquiring an additional 16,229,515 shares in the last quarter. Atmos Capital Gestao DE Recursos LTDA. boosted its stake in NU by 109.1% in the fourth quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 29,813,810 shares of the company's stock valued at $499,083,000 after acquiring an additional 15,552,726 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in NU by 98.4% in the third quarter. Marshall Wace LLP now owns 29,141,505 shares of the company's stock worth $466,555,000 after purchasing an additional 14,449,834 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.

Insider Activity

In other NU news, CEO Cristina Junqueira sold 65,000 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $14.71, for a total value of $956,150.00. Following the completion of the transaction, the chief executive officer directly owned 2,542,083 shares of the company's stock, valued at approximately $37,394,040.93. The trade was a 2.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 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 completion of the sale, the insider owned 979,446 shares in the company, valued at approximately $15,485,041.26. This represents a 18.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 361,707 shares of company stock worth $5,626,338.

NU Price Performance

NYSE:NU opened at $15.34 on Monday. Nu Holdings Ltd. has a one year low of $11.20 and a one year high of $18.98. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a market cap of $74.49 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 0.60 and a beta of 0.94. The firm's fifty day moving average is $14.23 and its two-hundred day moving average is $14.05.

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

NU announced that its board has approved a stock buyback plan on Thursday, June 4th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on NU shares. Susquehanna upped their target price on NU from $13.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, August 14th. Bank of America reaffirmed an "underperform" rating on shares of NU in a report on Tuesday, June 2nd. Weiss Ratings lowered shares of NU from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, August 21st. Needham & Company LLC boosted their price objective on shares of NU from $17.00 to $19.00 and gave the company a "buy" rating in a report on Friday, August 14th. Finally, Scotiabank downgraded NU to a "sector perform" rating and set a $13.00 target price on the stock. in a research report on Wednesday, June 3rd. Nine analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, NU currently has an average rating of "Moderate Buy" and an average target price of $17.91.

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.

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