Nu Holdings Ltd. $NU Stake Trimmed by Hiddenite Capital Partners LP

Key Points

• Hiddenite Capital Partners cut its Nu Holdings stake by 75% in the third quarter, selling 2.25 million shares and retaining 750,000 shares valued at approximately $9.5 million. Institutional investors collectively own 84.02% of NU.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $18.25. Recent targets range from $18.00 to $20.50.
• NU opened at $11.62, near its 12-month low of $11.20 and well below its 12-month high of $18.98. Company insiders also sold 386,707 shares worth approximately $6.0 million over the past three months.

Hiddenite Capital Partners LP reduced its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 75.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 750,000 shares of the company's stock after selling 2,250,000 shares during the period. NU makes up approximately 1.7% of Hiddenite Capital Partners LP's investment portfolio, making the stock its 20th biggest position. Hiddenite Capital Partners LP's holdings in NU were worth $9,495,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NU. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of NU during the 3rd quarter worth approximately $1,846,000. Vise Technologies Inc. grew its position in NU by 9.3% during the 3rd quarter. Vise Technologies Inc. now owns 35,196 shares of the company's stock worth $446,000 after acquiring an additional 2,996 shares during the last quarter. MGO One Seven LLC grew its holdings in shares of NU by 24.8% during the third quarter. MGO One Seven LLC now owns 20,190 shares of the company's stock worth $256,000 after purchasing an additional 4,015 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in NU by 2.5% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 181,000 shares of the company's stock worth $2,291,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Ashoka WhiteOak Capital Pte Ltd acquired a new position in shares of NU during the third quarter worth $8,178,000. Institutional investors own 84.02% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Itau BBA Securities downgraded NU from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $20.00 to $18.00 in a report on Wednesday, September 16th. Monness Crespi & Hardt started coverage on NU in a report on Monday, October 26th. They set a "buy" rating and a $20.00 target price on the stock. Rothschild & Co Redburn set a $19.00 price target on NU in a research report on Monday, September 28th. UBS Group upped their price target on NU from $18.20 to $20.50 and gave the company a "buy" rating in a research report on Tuesday, October 20th. Finally, Weiss Ratings cut NU from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, August 21st. Ten equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $18.25.

NU Trading Up 0.1%

NU opened at $11.62 on Tuesday. Nu Holdings Ltd. has a twelve month low of $11.20 and a twelve month high of $18.98. 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 company has a fifty day moving average of $14.26 and a 200-day moving average of $14.46. The stock has a market cap of $56.45 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 0.49 and a beta of 0.95.

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

Insider Transactions at NU

In other NU news, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the business'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 directly owned 979,446 shares of the company's stock, valued at approximately $15,485,041.26. The trade was a 18.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Cristina Junqueira sold 65,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 2,542,083 shares in the company, valued at approximately $37,394,040.93. This trade represents a 2.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 386,707 shares of company stock worth $6,001,588 over the last three months. 1.20% of the stock is owned by company insiders.

NU 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.