123,988 Shares in Nu Holdings Ltd. $NU Acquired by Bensler LLC

Bensler LLC bought a new stake in Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 123,988 shares of the company’s stock, valued at approximately $2,076,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NU. LRI Investments LLC lifted its stake in shares of NU by 21.9% in the fourth quarter. LRI Investments LLC now owns 33,209 shares of the company’s stock worth $556,000 after acquiring an additional 5,969 shares in the last quarter. NewEdge Wealth LLC boosted its holdings in NU by 1.3% in the fourth quarter. NewEdge Wealth LLC now owns 67,298 shares of the company’s stock valued at $1,127,000 after purchasing an additional 888 shares during the last quarter. Investment Management Associates Inc. ADV grew its stake in NU by 86.4% during the 4th quarter. Investment Management Associates Inc. ADV now owns 928,723 shares of the company’s stock valued at $15,547,000 after purchasing an additional 430,383 shares in the last quarter. Manning & Napier Advisors LLC increased its holdings in NU by 107.4% during the 4th quarter. Manning & Napier Advisors LLC now owns 11,379,674 shares of the company’s stock worth $192,089,000 after purchasing an additional 5,892,092 shares during the last quarter. Finally, Chesapeake Capital Corp IL acquired a new position in shares of NU in the 4th quarter valued at approximately $527,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the completion of the sale, the chief executive officer owned 2,312,338 shares in the company, valued at $34,245,725.78. The trade was a 11.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by insiders.

NU Trading Down 3.3%

NYSE:NU opened at $13.79 on Friday. The company has a market cap of $66.94 billion, a PE ratio of 23.77, a P/E/G ratio of 0.56 and a beta of 1.01. The business’s 50 day moving average is $14.57 and its two-hundred day moving average is $15.99. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. Nu Holdings Ltd. has a 52 week low of $11.71 and a 52 week high of $18.98.

NU (NYSE:NU) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.55 billion. NU had a return on equity of 30.68% and a net margin of 18.19%. On average, analysts predict that Nu Holdings Ltd. will post 0.84 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NU. CICC Research initiated coverage on shares of NU in a research report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price target for the company. Zacks Research cut shares of NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. UBS Group raised shares of NU from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $17.20 to $17.60 in a report on Thursday, March 19th. Finally, Bank of America reissued a “neutral” rating on shares of NU in a research report on Monday, March 9th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, NU currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.46.

About NU

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.