Vanguard Group Inc. Buys 1,037,438 Shares of Nu Holdings Ltd. $NU

Vanguard Group Inc. boosted its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 4.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 24,814,878 shares of the company’s stock after purchasing an additional 1,037,438 shares during the period. Vanguard Group Inc.’s holdings in NU were worth $415,401,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Concurrent Investment Advisors LLC bought a new stake in shares of NU in the 4th quarter valued at about $2,017,000. Calamos Advisors LLC purchased a new stake in NU during the 4th quarter worth approximately $685,000. Matthews International Capital Management LLC grew its position in NU by 218.3% during the 4th quarter. Matthews International Capital Management LLC now owns 432,150 shares of the company’s stock worth $7,234,000 after purchasing an additional 296,385 shares during the last quarter. Rakuten Securities Inc. grew its position in NU by 82.6% during the 4th quarter. Rakuten Securities Inc. now owns 46,051 shares of the company’s stock worth $771,000 after purchasing an additional 20,826 shares during the last quarter. Finally, HB Wealth Management LLC grew its position in NU by 17.0% during the 4th quarter. HB Wealth Management LLC now owns 34,186 shares of the company’s stock worth $572,000 after purchasing an additional 4,958 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Stock Performance

Shares of NYSE NU opened at $14.48 on Thursday. The company’s fifty day moving average price is $14.62 and its 200 day moving average price is $16.00. Nu Holdings Ltd. has a 1 year low of $11.71 and a 1 year high of $18.98. The company has a market capitalization of $70.29 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 0.58 and a beta of 1.01. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.58.

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

Analyst Ratings Changes

Several research firms have weighed in on NU. Zacks Research downgraded shares of NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. CICC Research started coverage on shares of NU in a report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price objective on the stock. Weiss Ratings raised shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Itau BBA Securities restated an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. Finally, Susquehanna upped their price target on shares of NU from $19.00 to $22.00 and gave the company a “positive” rating in a report on Tuesday, January 27th. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently 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 stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the sale, 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 SEC, which is available at this hyperlink. Company insiders own 1.20% of the company’s stock.

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.