Nu Holdings Ltd. $NU Position Boosted by Capital International Investors

Capital International Investors lifted its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 1.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,004,823 shares of the company’s stock after buying an additional 75,668 shares during the quarter. Capital International Investors’ holdings in NU were worth $134,001,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NU. Norges Bank bought a new position in shares of NU during the fourth quarter worth about $763,792,000. Lone Pine Capital LLC bought a new position in shares of NU during the third quarter worth about $406,757,000. Jennison Associates LLC lifted its position in shares of NU by 82.6% during the fourth quarter. Jennison Associates LLC now owns 39,370,791 shares of the company’s stock worth $659,067,000 after purchasing an additional 17,809,644 shares during the last quarter. Marshall Wace LLP lifted its position in shares of NU by 98.4% during the third quarter. Marshall Wace LLP now owns 29,141,505 shares of the company’s stock worth $466,555,000 after purchasing an additional 14,449,834 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of NU by 276.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 18,416,144 shares of the company’s stock worth $294,842,000 after purchasing an additional 13,529,278 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

Insider Activity at NU

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $14.81, for a total value 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 trade 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 can be accessed through this link. Also, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $12.24, for a total transaction of $257,040.00. Following the completion of the sale, the director owned 162,150 shares in the company, valued at $1,984,716. The trade was a 11.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NU. Weiss Ratings cut shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Scotiabank lowered NU to a “sector perform” rating and set a $13.00 target price for the company. in a report on Wednesday, June 3rd. Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Zacks Research lowered NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, Bank of America reaffirmed an “underperform” rating on shares of NU in a report on Tuesday, June 2nd. Ten investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, NU presently has an average rating of “Moderate Buy” and a consensus target price of $17.08.

NU Stock Down 3.2%

NYSE:NU opened at $11.58 on Tuesday. The stock has a 50 day moving average of $13.74 and a 200-day moving average of $15.50. Nu Holdings Ltd. has a 52 week low of $11.20 and a 52 week high of $18.98. The firm has a market capitalization of $56.25 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 0.48 and a beta of 0.95. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36.

NU (NYSE:NU) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). NU had a net margin of 18.20% and a return on equity of 30.91%. The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.06 billion. Analysts predict that Nu Holdings Ltd. will post 0.84 EPS for the current year.

NU announced that its Board of Directors has approved a stock repurchase plan on Thursday, June 4th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

NU 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.