Nu Holdings Ltd. $NU Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its holdings in Nu Holdings Ltd. (NYSE:NU) by 54.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 8,377,099 shares of the company’s stock after buying an additional 2,939,971 shares during the quarter. Los Angeles Capital Management LLC’s holdings in NU were worth $134,536,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Baillie Gifford & Co. grew its stake in shares of NU by 2.3% in the fourth quarter. Baillie Gifford & Co. now owns 257,256,952 shares of the company’s stock worth $4,306,481,000 after acquiring an additional 5,797,365 shares in the last quarter. State Street Corp grew its stake in shares of NU by 0.3% in the third quarter. State Street Corp now owns 91,478,395 shares of the company’s stock worth $1,464,569,000 after acquiring an additional 239,660 shares in the last quarter. Norges Bank acquired a new position in shares of NU in the fourth quarter worth $763,792,000. Jennison Associates LLC grew its stake in shares of NU by 82.6% in the fourth quarter. Jennison Associates LLC now owns 39,370,791 shares of the company’s stock worth $659,067,000 after acquiring an additional 17,809,644 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of NU by 5.0% in the third quarter. Legal & General Group Plc now owns 30,176,407 shares of the company’s stock worth $483,124,000 after acquiring an additional 1,430,827 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Price Performance

NU stock opened at $11.97 on Friday. The stock has a market cap of $58.10 billion, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 0.48 and a beta of 0.95. The company has a fifty day simple moving average of $13.79 and a 200-day simple moving average of $15.53. Nu Holdings Ltd. has a 12-month low of $11.20 and a 12-month high of $18.98. 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 released its quarterly earnings data on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. Equities analysts expect that Nu Holdings Ltd. will post 0.84 EPS for the current fiscal year.

NU declared that its board has initiated a stock repurchase plan on Thursday, June 4th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at NU

In other news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of NU 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 completion of the sale, the chief executive officer directly owned 2,312,338 shares of the company’s stock, valued at approximately $34,245,725.78. The trade was a 11.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction 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 directly owned 162,150 shares of the company’s stock, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on NU. UBS Group dropped their price target on shares of NU from $18.10 to $16.90 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Weiss Ratings downgraded shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Scotiabank cut shares of NU to a “sector perform” rating and set a $13.00 price objective for the company. in a research report on Wednesday. Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. Finally, Zacks Research cut shares of NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.08.

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.