Varma Mutual Pension Insurance Co Acquires 40,700 Shares of Nu Holdings Ltd. $NU

Varma Mutual Pension Insurance Co grew its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 10.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 424,600 shares of the company’s stock after purchasing an additional 40,700 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in NU were worth $7,108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. LOM Asset Management Ltd bought a new position in shares of NU in the 4th quarter valued at approximately $25,000. Cornerstone Planning Group LLC raised its holdings in NU by 5,448.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after acquiring an additional 1,580 shares during the period. Fifth Third Bancorp raised its holdings in NU by 433.0% in the 4th quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock worth $33,000 after acquiring an additional 1,615 shares during the period. VSM Wealth Advisory LLC increased its position in NU by 1,000.0% in the 3rd quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company’s stock worth $53,000 after buying an additional 3,000 shares during the period. Finally, Allworth Financial LP increased its position in NU by 36.1% in the 3rd quarter. Allworth Financial LP now owns 3,488 shares of the company’s stock worth $56,000 after buying an additional 926 shares during the period. Institutional investors own 84.02% of the company’s stock.

NU Price Performance

Shares of NU stock opened at $14.26 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $69.25 billion, a price-to-earnings ratio of 24.59, a P/E/G ratio of 0.57 and a beta of 1.01. Nu Holdings Ltd. has a 1-year low of $11.71 and a 1-year high of $18.98. The firm’s 50-day moving average price is $14.65 and its two-hundred day moving average price is $16.00.

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

Analyst Ratings Changes

A number of analysts recently weighed in on NU shares. Itau BBA Securities reissued an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. Susquehanna upped their target price on shares of NU from $19.00 to $22.00 and gave the company a “positive” rating in a research note on Tuesday, January 27th. Weiss Ratings upgraded NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. UBS Group upgraded NU from a “neutral” rating to a “buy” rating and upped their price target for the company from $17.20 to $17.60 in a research report on Thursday, March 19th. Finally, CICC Research started coverage on NU in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price target on the stock. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.46.

Insiders Place Their Bets

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

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.