43,550 Shares in Nu Holdings Ltd. $NU Acquired by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. purchased a new stake in shares of Nu Holdings Ltd. (NYSE:NU) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 43,550 shares of the company’s stock, valued at approximately $626,000.

Several other institutional investors have also recently bought and sold shares of NU. Baillie Gifford & Co. grew its holdings in shares of NU by 2.3% during the fourth quarter. Baillie Gifford & Co. now owns 257,256,952 shares of the company’s stock worth $4,306,481,000 after purchasing an additional 5,797,365 shares during the last quarter. Morgan Stanley raised its holdings in shares of NU by 2.9% in the fourth quarter. Morgan Stanley now owns 121,350,701 shares of the company’s stock valued at $2,031,411,000 after buying an additional 3,419,077 shares during the last quarter. State Street Corp raised its holdings in shares of NU by 0.3% in the third quarter. State Street Corp now owns 91,478,395 shares of the company’s stock valued at $1,464,569,000 after buying an additional 239,660 shares during the last quarter. Norges Bank acquired a new position in NU during the 4th quarter worth about $763,792,000. Finally, Price T Rowe Associates Inc. MD lifted its position in NU by 11.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 42,602,086 shares of the company’s stock worth $713,160,000 after buying an additional 4,215,824 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

Insider Activity

In other news, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $12.24, for a total value of $257,040.00. Following the completion of the transaction, the director owned 162,150 shares of the company’s stock, valued at $1,984,716. The trade was a 11.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NU. Needham & Company LLC assumed coverage on shares of NU in a research report on Friday, June 26th. They issued a “buy” rating and a $17.00 price objective for the company. Itau BBA Securities reissued an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Bank of America restated an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. UBS Group reduced their price objective on NU from $18.10 to $16.90 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Finally, Susquehanna lowered NU from a “positive” rating to a “neutral” rating and decreased their price objective for the company from $18.00 to $13.00 in a research report on Wednesday, June 3rd. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.07.

NU Stock Performance

Shares of NYSE:NU opened at $13.60 on Friday. The firm’s 50 day simple moving average is $13.04 and its 200 day simple moving average is $14.98. 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 market capitalization of $66.02 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 0.54 and a beta of 0.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.58 and a quick ratio of 0.58.

NU (NYSE:NU) last issued its earnings results on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. As a group, sell-side analysts forecast that Nu Holdings Ltd. will post 0.83 earnings per share for the current year.

NU declared that its board has initiated a share repurchase plan on Thursday, June 4th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

NU Profile

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.