Nu Holdings Ltd. $NU is JGP Global Gestao de Recursos Ltda.’s 5th Largest Position

JGP Global Gestao de Recursos Ltda. cut its stake in Nu Holdings Ltd. (NYSE:NU) by 58.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 292,142 shares of the company’s stock after selling 412,325 shares during the period. NU comprises approximately 2.9% of JGP Global Gestao de Recursos Ltda.’s portfolio, making the stock its 5th largest position. JGP Global Gestao de Recursos Ltda.’s holdings in NU were worth $4,890,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Baillie Gifford & Co. grew its position in NU by 2.3% in the fourth quarter. Baillie Gifford & Co. now owns 257,256,952 shares of the company’s stock worth $4,306,481,000 after acquiring an additional 5,797,365 shares in the last quarter. State Street Corp grew its position in NU by 0.3% in the third quarter. State Street Corp now owns 91,478,395 shares of the company’s stock worth $1,464,569,000 after acquiring an additional 239,660 shares in the last quarter. WCM Investment Management LLC grew its position in NU by 0.9% in the third quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock worth $1,187,935,000 after acquiring an additional 659,526 shares in the last quarter. Legal & General Group Plc grew its position in NU by 5.0% in the third quarter. Legal & General Group Plc now owns 30,176,407 shares of the company’s stock worth $483,124,000 after acquiring an additional 1,430,827 shares in the last quarter. Finally, Marshall Wace LLP grew its position in 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 acquiring an additional 14,449,834 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NU

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the company’s 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 sale, the chief executive officer owned 2,312,338 shares in the company, valued at $34,245,725.78. This represents a 11.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by insiders.

NU Stock Performance

Shares of NYSE:NU opened at $15.44 on Friday. The company has a market cap of $74.38 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 0.62 and a beta of 1.10. The company has a 50-day moving average price of $15.22 and a 200-day moving average price of $16.04. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.39. Nu Holdings Ltd. has a 12 month low of $10.55 and a 12 month high of $18.98.

NU (NYSE:NU) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. NU had a net margin of 18.19% and a return on equity of 30.68%. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.55 billion. As a group, equities analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on NU shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $21.00 target price on shares of NU in a research report on Thursday, December 18th. Susquehanna upped their target price on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research report on Tuesday, January 27th. Weiss Ratings upgraded shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Bank of America reissued a “neutral” rating on shares of NU in a research note on Monday, March 9th. Finally, CICC Research initiated coverage on shares of NU in a research note on Tuesday. They issued an “outperform” rating and a $18.00 price target for the company. Thirteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.24.

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.