Nu Holdings Ltd. $NU Stock Purchased by Vontobel Holding Ltd.

Key Points

• Vontobel Holding increased its Nu Holdings stake by 125.9% in the third quarter, bringing its holdings to 533,955 shares valued at approximately $6.76 million. Institutional investors and hedge funds collectively own 84.02% of NU.
• Nu Holdings shares opened at $14.58, while the company reported quarterly revenue of $5.88 billion and earnings of $0.22 per share. Analysts expect approximately $0.86 in full-year EPS.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus and an average price target of $17.94, although ratings range from $18 to $23. Insiders have sold 386,707 shares worth about $6.0 million over the past 90 days.

Vontobel Holding Ltd. grew its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 125.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 533,955 shares of the company's stock after acquiring an additional 297,538 shares during the quarter. Vontobel Holding Ltd.'s holdings in NU were worth $6,760,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. TD Waterhouse Canada Inc. increased its position in shares of NU by 48.7% in the third quarter. TD Waterhouse Canada Inc. now owns 6,755 shares of the company's stock worth $90,000 after purchasing an additional 2,213 shares during the period. Shelton Wealth Management LLC raised its stake in NU by 1.6% in the third quarter. Shelton Wealth Management LLC now owns 118,397 shares of the company's stock valued at $1,499,000 after purchasing an additional 1,912 shares in the last quarter. Quattro Financial Advisors LLC raised its stake in NU by 36.4% in the third quarter. Quattro Financial Advisors LLC now owns 75,000 shares of the company's stock valued at $950,000 after purchasing an additional 20,000 shares in the last quarter. AdvisorNet Financial Inc lifted its position in NU by 8.8% during the third quarter. AdvisorNet Financial Inc now owns 48,472 shares of the company's stock worth $614,000 after purchasing an additional 3,935 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in NU by 127.0% during the third quarter. Assenagon Asset Management S.A. now owns 38,263,897 shares of the company's stock worth $484,421,000 after purchasing an additional 21,405,374 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NU

In other NU news, CEO Cristina Junqueira sold 25,000 shares of NU stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $15.01, for a total value of $375,250.00. Following the transaction, the chief executive officer owned 4,877,593 shares in the company, valued at $73,212,670.93. The trade was a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 business's stock in a transaction dated 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 position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 386,707 shares of company stock valued at $6,001,588. 1.20% of the stock is owned by corporate insiders.

NU Trading Down 1.0%

Shares of NU stock opened at $14.58 on Friday. The stock's fifty day moving average price is $14.49 and its two-hundred day moving average price is $13.93. The company has a market cap of $70.78 billion, a PE ratio of 19.70, a P/E/G ratio of 0.60 and a beta of 0.95. Nu Holdings Ltd. has a fifty-two week low of $11.20 and a fifty-two week 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.

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

Analysts Set New Price Targets

NU has been the topic of a number of analyst reports. Itau BBA Securities downgraded shares of NU from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $20.00 to $18.00 in a research note on Wednesday, September 16th. JPMorgan Chase & Co. raised their target price on shares of NU from $20.00 to $23.00 and gave the company an "overweight" rating in a report on Tuesday, October 6th. Susquehanna boosted their target price on shares of NU from $13.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, August 14th. UBS Group boosted their target price on shares of NU from $16.90 to $18.20 and gave the company a "buy" rating in a research report on Thursday, August 20th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $19.00 price target on shares of NU in a report on Monday, September 28th. Nine investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, NU has an average rating of "Moderate Buy" and an average price target of $17.94.

NU Company 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.

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