NFJ Investment Group LLC Increases Position in Nu Holdings Ltd. $NU

NFJ Investment Group LLC lifted its position in Nu Holdings Ltd. (NYSE:NU) by 1,474.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,046 shares of the company’s stock after purchasing an additional 98,373 shares during the period. NFJ Investment Group LLC’s holdings in NU were worth $1,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of NU. Norges Bank purchased a new stake in shares of NU in the fourth quarter worth $763,792,000. Lone Pine Capital LLC purchased a new stake in shares of NU in the third quarter worth $406,757,000. Jennison Associates LLC increased its stake in shares of NU by 82.6% in the fourth 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 in the last quarter. Marshall Wace LLP increased its stake in shares of NU by 98.4% in 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. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of NU by 276.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 18,416,144 shares of the company’s stock worth $294,842,000 after purchasing an additional 13,529,278 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NU

In other NU news, Director Anita M. Sands sold 21,000 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $12.24, for a total transaction of $257,040.00. Following the completion of the transaction, the director owned 162,150 shares in the company, valued at $1,984,716. This trade represents a 11.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the stock in a transaction on 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 transaction, the chief executive officer owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. This trade represents a 11.48% decrease in their position. The SEC filing for this sale provides additional information.

NU Price Performance

Shares of NYSE:NU opened at $12.16 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a fifty day moving average price of $13.58 and a 200 day moving average price of $15.40. Nu Holdings Ltd. has a fifty-two week low of $11.20 and a fifty-two week high of $18.98. The firm has a market cap of $59.06 billion, a price-to-earnings ratio of 18.71, a P/E/G ratio of 0.49 and a beta of 0.95.

NU (NYSE:NU) last released 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 for the quarter, compared to the consensus estimate of $5.06 billion. As a group, sell-side analysts expect that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.

NU declared that its board has approved a stock buyback plan 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. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NU shares. Itau BBA Securities restated an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. Scotiabank lowered shares of NU to a “sector perform” rating and set a $13.00 target price for the company. in a research report on Wednesday, June 3rd. Zacks Research lowered shares of NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Citigroup lowered shares of NU from a “sell” rating to a “neutral” rating in a research report on Monday. Finally, Bank of America restated an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.