Nu Holdings Ltd. $NU is INCA Investments LLC’s 6th Largest Position

INCA Investments LLC grew its stake in Nu Holdings Ltd. (NYSE:NU) by 2.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,534,540 shares of the company’s stock after buying an additional 42,933 shares during the period. NU comprises approximately 9.0% of INCA Investments LLC’s holdings, making the stock its 6th biggest position. INCA Investments LLC’s holdings in NU were worth $25,688,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LOM Asset Management Ltd purchased a new stake in NU in the fourth quarter worth about $25,000. Cornerstone Planning Group LLC increased its position in NU by 5,448.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after buying an additional 1,580 shares in the last quarter. Jordan Park Group LLC increased its position in NU by 129.3% in the third quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock worth $31,000 after buying an additional 1,104,421 shares in the last quarter. Morse Asset Management Inc purchased a new stake in NU in the fourth quarter worth about $31,000. Finally, Fifth Third Bancorp increased its position in NU by 433.0% in the fourth quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock worth $33,000 after buying an additional 1,615 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Insider Buying and Selling

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 2,312,338 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this link.

Wall Street Analysts Forecast Growth

NU has been the subject of several research analyst reports. Zacks Research cut NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Susquehanna increased their target price on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research report on Tuesday, January 27th. Bank of America reiterated a “neutral” rating on shares of NU in a research report on Monday, March 9th. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. Finally, CICC Research initiated coverage on NU in a research report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price for the company. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.46.

NU Price Performance

Shares of NU stock opened at $13.28 on Wednesday. The stock has a 50 day moving average of $14.45 and a 200 day moving average of $15.95. Nu Holdings Ltd. has a 12 month low of $11.71 and a 12 month high of $18.98. The firm has a market cap of $64.46 billion, a PE ratio of 22.89, a PEG ratio of 0.55 and a beta of 1.01. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39.

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

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.