Handelsbanken Fonder AB Has $29.93 Million Position in Nu Holdings Ltd. $NU

Handelsbanken Fonder AB raised its position in shares of Nu Holdings Ltd. (NYSE:NU) by 22.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,788,146 shares of the company’s stock after purchasing an additional 323,598 shares during the quarter. Handelsbanken Fonder AB’s holdings in NU were worth $29,934,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NU. LOM Asset Management Ltd purchased a new position in shares of NU during the 4th quarter valued at $25,000. Cornerstone Planning Group LLC grew its holdings in shares of NU by 5,448.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock valued at $27,000 after acquiring an additional 1,580 shares in the last quarter. Jordan Park Group LLC grew its holdings in shares of NU by 129.3% during the 3rd quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock valued at $31,000 after acquiring an additional 1,104,421 shares in the last quarter. Morse Asset Management Inc purchased a new position in shares of NU during the 4th quarter valued at $31,000. Finally, Fifth Third Bancorp grew its holdings in shares of NU by 433.0% during the 4th quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock valued at $33,000 after acquiring an additional 1,615 shares in the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Anita M. Sands sold 21,000 shares of the stock in a transaction dated 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 owned 162,150 shares in the company, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the stock in a transaction dated 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 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 disclosure for this sale is available in the SEC filing.

NU Stock Down 0.1%

NU stock opened at $12.28 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.58 and a quick ratio of 0.58. Nu Holdings Ltd. has a 52-week low of $11.71 and a 52-week high of $18.98. The company has a 50-day moving average of $14.22 and a two-hundred day moving average of $15.83. The stock has a market capitalization of $59.60 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 0.50 and a beta of 1.01.

NU (NYSE:NU) last released its quarterly earnings results on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $5.06 billion. As a group, equities research analysts anticipate that Nu Holdings Ltd. will post 0.84 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Bank of America reiterated a “neutral” rating on shares of NU in a report on Monday, March 9th. Susquehanna upped their price objective on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday, January 27th. Weiss Ratings cut shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Finally, UBS Group upgraded shares of NU from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $17.20 to $17.60 in a report on Thursday, March 19th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, NU currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.46.

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.