Capital World Investors Acquires 102,637 Shares of Nu Holdings Ltd. $NU

Capital World Investors lifted its position in Nu Holdings Ltd. (NYSE:NU) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,448,217 shares of the company’s stock after buying an additional 102,637 shares during the period. Capital World Investors’ holdings in NU were worth $174,903,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Sowell Financial Services LLC boosted its position in NU by 4.8% during the fourth quarter. Sowell Financial Services LLC now owns 12,952 shares of the company’s stock valued at $217,000 after purchasing an additional 599 shares in the last quarter. Parallel Advisors LLC raised its stake in NU by 3.7% in the fourth quarter. Parallel Advisors LLC now owns 16,820 shares of the company’s stock valued at $282,000 after buying an additional 601 shares during the last quarter. MBM Wealth Consultants LLC raised its stake in shares of NU by 1.2% in the fourth quarter. MBM Wealth Consultants LLC now owns 50,284 shares of the company’s stock worth $842,000 after purchasing an additional 607 shares during the last quarter. Cornerstone Wealth Group LLC raised its stake in shares of NU by 1.2% in the fourth quarter. Cornerstone Wealth Group LLC now owns 51,724 shares of the company’s stock worth $866,000 after purchasing an additional 621 shares during the last quarter. Finally, Euro Pacific Asset Management LLC raised its stake in shares of NU by 0.3% in the fourth quarter. Euro Pacific Asset Management LLC now owns 233,618 shares of the company’s stock worth $3,642,000 after purchasing an additional 708 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Stock Down 3.2%

Shares of NU opened at $11.58 on Tuesday. 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 Holdings Ltd. has a 12 month low of $11.20 and a 12 month high of $18.98. The stock’s 50 day moving average is $13.74 and its two-hundred day moving average is $15.50. The firm has a market cap of $56.25 billion, a P/E ratio of 17.82, a PEG ratio of 0.48 and a beta of 0.95.

NU (NYSE:NU) last issued its quarterly earnings data 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 business 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 earnings per share for the current fiscal year.

NU announced that its Board of Directors has initiated a share buyback program on Thursday, June 4th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings cut NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Susquehanna lowered NU from a “positive” rating to a “neutral” rating and dropped their target price for the stock from $18.00 to $13.00 in a report on Wednesday, June 3rd. Zacks Research lowered NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Finally, UBS Group dropped their target price on NU from $18.10 to $16.90 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Ten investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, NU has an average rating of “Moderate Buy” and an average target price of $17.08.

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 stock was sold at an average price of $14.81, for a total value 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 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 is accessible through this hyperlink. 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 value of $257,040.00. Following the completion of the sale, the director directly owned 162,150 shares in the company, valued at approximately $1,984,716. The trade was a 11.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

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.