Investidor Profissional Gestao de Recursos Ltda. Acquires Shares of 209,875 Nu Holdings Ltd. $NU

Investidor Profissional Gestao de Recursos Ltda. acquired a new position in Nu Holdings Ltd. (NYSE:NU) in the first quarter, HoldingsChannel.com reports. The fund acquired 209,875 shares of the company’s stock, valued at approximately $3,016,000. NU comprises 1.0% of Investidor Profissional Gestao de Recursos Ltda.’s portfolio, making the stock its 15th biggest position.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in shares of NU during the 4th quarter valued at about $763,792,000. Larch Capital Partners LLC purchased a new position in shares of NU in the 4th quarter valued at about $605,829,000. Jennison Associates LLC raised its holdings in NU by 82.6% in the 4th 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 period. Atmos Capital Gestao DE Recursos LTDA. raised its holdings in NU by 109.1% in the 4th quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 29,813,810 shares of the company’s stock worth $499,083,000 after purchasing an additional 15,552,726 shares during the period. Finally, Marshall Wace LLP boosted its position in 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 in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NU

In related news, Director Anita M. Sands sold 21,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $12.24, for a total value of $257,040.00. Following the completion of the transaction, the director directly owned 162,150 shares of the company’s stock, valued at approximately $1,984,716. This represents a 11.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Wall Street Analysts Forecast Growth

Several analysts have commented on NU shares. JPMorgan Chase & Co. raised their price objective on NU from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Susquehanna downgraded NU from a “positive” rating to a “neutral” rating and reduced their target price for the stock from $18.00 to $13.00 in a research note on Wednesday, June 3rd. Zacks Research lowered NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. CICC Research began coverage on shares of NU in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price target on the stock. Finally, Weiss Ratings lowered shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.24.

NU Trading Up 2.8%

NU stock opened at $14.38 on Wednesday. Nu Holdings Ltd. has a 12-month low of $11.20 and a 12-month high of $18.98. The business’s 50-day moving average is $12.92 and its 200 day moving average is $14.73. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. The stock has a market cap of $69.85 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 0.56 and a beta of 0.95.

NU (NYSE:NU) last announced its earnings results on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. On average, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.83 EPS for the current fiscal year.

NU announced that its board has initiated a share buyback program on Thursday, June 4th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

NU Company 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.