USS Investment Management Ltd Purchases 402,880 Shares of Nu Holdings Ltd. $NU

USS Investment Management Ltd raised its position in Nu Holdings Ltd. (NYSE:NU) by 12.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,711,004 shares of the company’s stock after purchasing an additional 402,880 shares during the quarter. USS Investment Management Ltd’s holdings in NU were worth $62,178,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Sowell Financial Services LLC raised its position in shares of NU by 4.8% during the fourth quarter. Sowell Financial Services LLC now owns 12,952 shares of the company’s stock worth $217,000 after acquiring an additional 599 shares during the last quarter. Parallel Advisors LLC raised its position in shares of NU by 3.7% during the fourth quarter. Parallel Advisors LLC now owns 16,820 shares of the company’s stock worth $282,000 after acquiring an additional 601 shares during the last quarter. MBM Wealth Consultants LLC raised its position in shares of NU by 1.2% during the fourth quarter. MBM Wealth Consultants LLC now owns 50,284 shares of the company’s stock worth $842,000 after acquiring an additional 607 shares during the last quarter. Cornerstone Wealth Group LLC raised its position in shares of NU by 1.2% during the fourth quarter. Cornerstone Wealth Group LLC now owns 51,724 shares of the company’s stock worth $866,000 after acquiring an additional 621 shares during the last quarter. Finally, Aptus Capital Advisors LLC raised its position in shares of NU by 3.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 19,008 shares of the company’s stock worth $318,000 after acquiring an additional 624 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors.

NU Trading Down 0.2%

Shares of NU stock opened at $12.16 on Monday. The company has a market cap of $59.06 billion, a P/E ratio of 18.71, a PEG ratio of 0.49 and a beta of 0.95. The stock has a 50 day simple moving average of $13.58 and a two-hundred day simple moving average of $15.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58. Nu Holdings Ltd. has a fifty-two week low of $11.20 and a fifty-two week high of $18.98.

NU (NYSE:NU) last issued its earnings results on Friday, May 15th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. Research analysts forecast that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.

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

Insider Buying and Selling

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of NU 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 completion of the sale, the chief executive officer directly owned 2,312,338 shares in the company, valued at approximately $34,245,725.78. The trade was a 11.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 of the company’s stock, valued at $1,984,716. This trade represents a 11.47% decrease in their position. The disclosure for this sale is available in the SEC filing.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Susquehanna lowered shares of NU from a “positive” rating to a “neutral” rating and reduced their price objective for the company from $18.00 to $13.00 in a research note on Wednesday, June 3rd. CICC Research began coverage on shares of NU in a research note on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price for the company. Itau BBA Securities reissued an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. Bank of America reissued an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. Finally, Citigroup downgraded shares of NU from a “sell” rating to a “neutral” rating in a research note on Monday. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.08.

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.