Nu Holdings Ltd. $NU Stock Acquired by Milestones Administradora de Recursos Ltda.

Key Points

• Milestones Administradora de Recursos Ltda. increased its Nu Holdings stake by 7.6% in the third quarter, acquiring 238,945 shares for a total of 3.39 million shares valued at approximately $43.0 million. Institutional investors collectively own 84.02% of NU.
• Analyst sentiment remains favorable, with nine Buy, five Hold and one Sell rating; the stock carries a “Moderate Buy” consensus and an average price target of $18.12. Recent targets range from $18.00 at Itau BBA to $23.00 at JPMorgan.
• NU insiders sold 386,707 shares worth about $6.0 million over the past three months, including sales by an insider and CEO Cristina Junqueira. Shares opened at $15.05, compared with a 52-week range of $11.20 to $18.98.

Milestones Administradora de Recursos Ltda. increased its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 7.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,393,059 shares of the company's stock after purchasing an additional 238,945 shares during the period. NU makes up approximately 7.7% of Milestones Administradora de Recursos Ltda.'s holdings, making the stock its 7th largest position. Milestones Administradora de Recursos Ltda. owned 0.07% of NU worth $42,956,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of NU by 990.3% in the first quarter. Dimensional Fund Advisors LP now owns 298,789 shares of the company's stock valued at $4,294,000 after acquiring an additional 271,385 shares during the period. Handelsbanken Fonder AB grew its stake in shares of NU by 5.6% in the second quarter. Handelsbanken Fonder AB now owns 2,770,572 shares of the company's stock worth $37,015,000 after acquiring an additional 146,764 shares during the last quarter. C WorldWide Group Holding A S increased its position in NU by 1,188.4% during the second quarter. C WorldWide Group Holding A S now owns 4,973,457 shares of the company's stock worth $66,445,000 after acquiring an additional 4,587,432 shares during the period. Groupe la Francaise increased its position in NU by 50.2% during the second quarter. Groupe la Francaise now owns 872,703 shares of the company's stock worth $11,670,000 after acquiring an additional 291,553 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in NU by 8.9% during the first quarter. The Manufacturers Life Insurance Company now owns 904,485 shares of the company's stock worth $12,997,000 after acquiring an additional 73,818 shares during the period. Institutional investors own 84.02% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on NU shares. Itau BBA Securities cut shares of NU from an "outperform" rating to a "market perform" rating and cut their target price for the company from $20.00 to $18.00 in a research note on Wednesday, September 16th. UBS Group raised 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. Weiss Ratings lowered shares of NU from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, August 21st. Rothschild & Co Redburn set a $19.00 price objective on shares of NU in a research report on Monday, September 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of NU from $20.00 to $23.00 and gave the company an "overweight" rating in a research report on Tuesday, October 6th. Nine equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $18.12.

Insider Buying and Selling at NU

In other news, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $15.81, for a total value of $3,505,187.67. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Cristina Junqueira sold 25,000 shares of the stock in a transaction on Monday, October 5th. The shares were sold at an average price of $15.01, for a total transaction of $375,250.00. Following the completion of the transaction, the chief executive officer owned 4,877,593 shares of the company's stock, valued at approximately $73,212,670.93. This represents a 0.51% decrease in their position. The SEC filing for this sale provides additional information. 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 in the last three months. Insiders own 1.20% of the company's stock.

NU Price Performance

Shares of NYSE:NU opened at $15.05 on Thursday. The firm has a market capitalization of $73.10 billion, a PE ratio of 20.34, a PEG ratio of 0.62 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 Holdings Ltd. has a 1-year low of $11.20 and a 1-year high of $18.98. The business's 50 day moving average is $14.56 and its 200-day moving average is $13.94.

NU (NYSE:NU - Get Free Report) last issued its earnings results on Tuesday, June 30th. The company reported $0.22 EPS 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 0.86 earnings per share for the current year.

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.

Want to see what other hedge funds are holding NU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nu Holdings Ltd. (NYSE:NU - Free Report).

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.