Danske Bank A S Increases Position in Nu Holdings Ltd. $NU

Danske Bank A S grew its holdings in Nu Holdings Ltd. (NYSE:NU) by 515.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,074,732 shares of the company’s stock after buying an additional 4,249,632 shares during the period. Danske Bank A S’s holdings in NU were worth $84,951,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NU. Lone Pine Capital LLC purchased a new stake in shares of NU in the third quarter valued at about $406,757,000. Jennison Associates LLC raised its holdings 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 valued at $659,067,000 after buying an additional 17,809,644 shares during the last quarter. Marshall Wace LLP raised its holdings 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 valued at $466,555,000 after buying an additional 14,449,834 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings 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 valued at $294,842,000 after buying an additional 13,529,278 shares during the last quarter. Finally, William Blair Investment Management LLC raised its holdings in shares of NU by 182.9% in the third quarter. William Blair Investment Management LLC now owns 19,449,424 shares of the company’s stock valued at $311,385,000 after buying an additional 12,574,893 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Trading Up 3.5%

Shares of NU stock opened at $14.53 on Friday. Nu Holdings Ltd. has a 52-week low of $11.71 and a 52-week high of $18.98. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. The company’s 50-day simple moving average is $14.72 and its 200-day simple moving average is $15.99. The firm has a market cap of $70.56 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 0.57 and a beta of 1.10.

NU (NYSE:NU) last issued 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 business had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.55 billion. As a group, equities research analysts anticipate that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.

Insider Activity

In other news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the business’s 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 transaction, the chief executive officer directly owned 2,312,338 shares in the company, valued at $34,245,725.78. The trade was a 11.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Bank of America reaffirmed a “neutral” rating on shares of NU in a report on Monday, March 9th. Weiss Ratings raised shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. UBS Group raised shares of NU from a “neutral” rating to a “buy” rating and upped their target price for the company from $17.20 to $17.60 in a report on Thursday, March 19th. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. Finally, Susquehanna boosted their price target on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research note on Tuesday, January 27th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.46.

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.