Nu Holdings Ltd. $NU Stock Sold by Asset Management One Co. Ltd.

Key Points

• Asset Management One reduced its Nu Holdings position by 12.2% in the third quarter, selling 144,762 shares and retaining 1.04 million shares valued at approximately $13.2 million.
• Institutional ownership remains high at 84.02%, with several funds—including C WorldWide Group and Dimensional Fund Advisors—significantly increasing their NU holdings.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $18.25 versus the stock’s reported $11.63 opening price. Recent insider sales totaled 386,707 shares worth about $6.0 million.

Asset Management One Co. Ltd. trimmed its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 12.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,043,474 shares of the company's stock after selling 144,762 shares during the period. Asset Management One Co. Ltd.'s holdings in NU were worth $13,210,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in NU by 990.3% in the first quarter. Dimensional Fund Advisors LP now owns 298,789 shares of the company's stock worth $4,294,000 after purchasing an additional 271,385 shares during the period. Handelsbanken Fonder AB increased its stake in NU by 5.6% during the second quarter. Handelsbanken Fonder AB now owns 2,770,572 shares of the company's stock valued at $37,015,000 after purchasing an additional 146,764 shares during the last quarter. C WorldWide Group Holding A S increased its stake 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 valued at $66,445,000 after purchasing an additional 4,587,432 shares during the last quarter. Groupe la Francaise raised its holdings in shares of 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 purchasing an additional 291,553 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of 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 purchasing an additional 73,818 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on NU. Monness Crespi & Hardt assumed coverage on shares of NU in a research report on Monday, October 26th. They issued a "buy" rating and a $20.00 price target on the stock. Rothschild & Co Redburn set a $19.00 price objective on shares of NU in a research report on Monday, September 28th. Wolfe Research lowered their price objective on shares of NU from $18.00 to $17.00 and set an "outperform" rating for the company in a research report on Tuesday, August 25th. Weiss Ratings lowered shares of NU from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, August 21st. Finally, Needham & Company LLC reissued a "buy" rating and issued a $19.00 target price on shares of NU in a report on Monday, September 28th. Ten equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $18.25.

NU Stock Performance

Shares of NYSE NU opened at $11.63 on Friday. Nu Holdings Ltd. has a 1 year low of $11.20 and a 1 year high of $18.98. The firm has a market cap of $56.47 billion, a P/E ratio of 15.72, a PEG ratio of 0.49 and a beta of 0.95. The stock has a fifty day moving average price of $14.32 and a two-hundred day moving average price of $14.48. 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 posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.22 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. Research analysts forecast that Nu Holdings Ltd. will post 0.86 EPS for the current fiscal year.

Insider Activity at NU

In other NU news, CEO Cristina Junqueira sold 65,000 shares of the company's stock in a transaction 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 transaction, the chief executive officer owned 2,542,083 shares of the company's stock, valued at approximately $37,394,040.93. This represents a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 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 directly owned 979,446 shares in the company, valued at $15,485,041.26. This represents a 18.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 386,707 shares of company stock worth $6,001,588. 1.20% of the stock is currently owned by company insiders.

About NU

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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