Vontobel Holding Ltd. Buys 297,538 Shares of Nu Holdings Ltd. $NU

Vontobel Holding Ltd. raised its stake in Nu Holdings Ltd. (NYSE:NU) by 125.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 533,955 shares of the company’s stock after buying an additional 297,538 shares during the period. Vontobel Holding Ltd.’s holdings in NU were worth $6,760,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GK Wealth Management LLC acquired a new position in shares of NU during the third quarter worth $31,000. Harbor Investment Advisory LLC boosted its holdings in shares of NU by 68.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 3,010 shares of the company’s stock valued at $40,000 after acquiring an additional 1,220 shares in the last quarter. Whipplewood Advisors LLC boosted its holdings in shares of NU by 1,584.0% during the 1st quarter. Whipplewood Advisors LLC now owns 5,052 shares of the company’s stock valued at $73,000 after acquiring an additional 4,752 shares in the last quarter. Ancora Advisors LLC bought a new stake in NU during the 2nd quarter worth $76,000. Finally, EverSource Wealth Advisors LLC grew its position in NU by 58.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,468 shares of the company’s stock worth $93,000 after acquiring an additional 2,377 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Rothschild & Co Redburn set a $19.00 target price on NU in a report on Monday, September 28th. Susquehanna increased their target price on NU from $13.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating and cut their price target for the company from $20.00 to $18.00 in a research note on Wednesday, September 16th. Weiss Ratings lowered NU from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Finally, Needham & Company LLC restated a “buy” rating and set a $19.00 price target on shares of NU in a report on Monday, September 28th. Nine 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $17.94.

NU Trading Down 1.0%

NU opened at $14.58 on Friday. The company’s 50 day moving average price is $14.49 and its two-hundred day moving average price is $13.93. The firm has a market capitalization of $70.78 billion, a price-to-earnings ratio of 19.70, a PEG 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 current ratio of 0.55 and a quick ratio of 0.55.

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

Insiders Place Their Bets

In related news, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the completion of the transaction, the insider directly owned 979,446 shares of the company’s stock, valued at $15,485,041.26. This trade represents a 18.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 directly 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 386,707 shares of company stock valued at $6,001,588 over the last 90 days. 1.20% of the stock is currently owned by company insiders.

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.