Fideuram Asset Management Ireland dac Acquires New Shares in Nu Holdings Ltd. $NU

Fideuram Asset Management Ireland dac bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, Holdings Channel.com reports. The firm bought 50,433 shares of the company’s stock, valued at approximately $844,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Baillie Gifford & Co. lifted its holdings in NU by 2.3% during the 4th quarter. Baillie Gifford & Co. now owns 257,256,952 shares of the company’s stock worth $4,306,481,000 after buying an additional 5,797,365 shares during the period. State Street Corp lifted its holdings in NU by 0.3% during the 3rd quarter. State Street Corp now owns 91,478,395 shares of the company’s stock worth $1,464,569,000 after buying an additional 239,660 shares during the period. WCM Investment Management LLC lifted its holdings in NU by 0.9% during the 3rd quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock worth $1,187,935,000 after buying an additional 659,526 shares during the period. Jennison Associates LLC lifted its holdings in NU by 82.6% during the 4th quarter. Jennison Associates LLC now owns 39,370,791 shares of the company’s stock worth $659,067,000 after buying an additional 17,809,644 shares during the period. Finally, Legal & General Group Plc lifted its holdings in NU by 5.0% during the 3rd quarter. Legal & General Group Plc now owns 30,176,407 shares of the company’s stock worth $483,124,000 after buying an additional 1,430,827 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Anita M. Sands sold 21,000 shares of NU stock in a transaction dated 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 trade represents a 11.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of NU stock in a transaction dated 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 transaction, 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 disclosure for this sale is available in the SEC filing. Company insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

NU has been the topic of several recent research reports. Weiss Ratings downgraded NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Bank of America reaffirmed a “neutral” rating on shares of NU in a report on Monday, March 9th. Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Zacks Research downgraded NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, UBS Group cut 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. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.39.

NU Stock Performance

NU stock opened at $13.15 on Friday. The stock has a 50-day moving average price of $14.00 and a 200-day moving average price of $15.66. Nu Holdings Ltd. has a 1-year low of $11.71 and a 1-year 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. The firm has a market cap of $63.83 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 0.52 and a beta of 1.01.

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

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.