North Dakota State Investment Board Acquires Shares of 117,777 Nu Holdings Ltd. $NU

North Dakota State Investment Board acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 117,777 shares of the company’s stock, valued at approximately $1,972,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. LOM Asset Management Ltd purchased a new position in shares of NU in the fourth quarter valued at $25,000. Cornerstone Planning Group LLC grew its holdings in shares of NU by 5,448.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock valued at $27,000 after purchasing an additional 1,580 shares in the last quarter. Jordan Park Group LLC grew its holdings in shares of NU by 129.3% in the third quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock valued at $31,000 after purchasing an additional 1,104,421 shares in the last quarter. Morse Asset Management Inc purchased a new position in shares of NU in the fourth quarter valued at $31,000. Finally, Fifth Third Bancorp grew its holdings in shares of NU by 433.0% in the fourth quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock valued at $33,000 after purchasing an additional 1,615 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NU has been the subject of a number of recent research reports. Weiss Ratings lowered shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Itau BBA Securities reissued an “outperform” rating on shares of NU in a report on Tuesday, March 17th. UBS Group raised shares of NU from a “neutral” rating to a “buy” rating and raised their target price for the company from $17.20 to $17.60 in a report on Thursday, March 19th. Bank of America reissued a “neutral” rating on shares of NU in a report on Monday, March 9th. Finally, Susquehanna raised their target price on shares of NU from $19.00 to $22.00 and gave the company a “positive” rating in a report on Tuesday, January 27th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, NU has a consensus rating of “Moderate Buy” and a consensus price target of $18.46.

Insider Transactions at NU

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $14.81, for a total value of $4,443,000.00. Following the completion of the sale, the chief executive officer directly owned 2,312,338 shares in the company, valued at $34,245,725.78. This trade represents a 11.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

NU Stock Up 0.8%

Shares of NU opened at $12.29 on Tuesday. The company has a market cap of $59.65 billion, a PE ratio of 18.90, a P/E/G ratio of 0.49 and a beta of 1.01. The business has a fifty day moving average of $14.26 and a 200 day moving average of $15.86. Nu Holdings Ltd. has a 52-week low of $11.71 and a 52-week high of $18.98. 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 (NYSE:NU) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.06 billion. NU had a return on equity of 32.46% and a net margin of 18.20%. On average, sell-side analysts expect that Nu Holdings Ltd. will post 0.84 EPS for the current year.

NU Company 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.