Nu Holdings Ltd. $NU Shares Bought by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd raised its position in Nu Holdings Ltd. (NYSE:NU) by 18.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 396,988 shares of the company’s stock after purchasing an additional 60,953 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in NU were worth $6,646,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of NU. LOM Asset Management Ltd purchased a new position in NU in the fourth quarter valued at approximately $25,000. Cornerstone Planning Group LLC lifted its position in NU by 5,448.3% during the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock valued at $27,000 after buying an additional 1,580 shares in the last quarter. Jordan Park Group LLC lifted its position in NU by 129.3% during the third quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock valued at $31,000 after buying an additional 1,104,421 shares in the last quarter. Morse Asset Management Inc purchased a new stake in NU during the fourth quarter worth approximately $31,000. Finally, Fifth Third Bancorp increased its position in shares of NU by 433.0% in the fourth quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock worth $33,000 after acquiring an additional 1,615 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Insider Activity

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the business’s 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 transaction, the chief executive officer 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

NU has been the topic of a number of research reports. UBS Group raised shares of NU from a “neutral” rating to a “buy” rating and raised their target price for the company from $17.20 to $17.60 in a research note on Thursday, March 19th. Susquehanna raised their price objective on NU from $19.00 to $22.00 and gave the company a “positive” rating in a research report on Tuesday, January 27th. Itau BBA Securities restated an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. CICC Research started coverage on NU in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 target price for the company. Finally, Bank of America reiterated a “neutral” rating on shares of NU in a research note on Monday, March 9th. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.46.

NU Price Performance

Shares of NU stock opened at $12.81 on Thursday. The firm has a fifty day simple moving average of $14.40 and a 200-day simple moving average of $15.93. The company has a market capitalization of $62.18 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 0.54 and a beta of 1.01. Nu Holdings Ltd. has a twelve month low of $11.71 and a twelve month 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 0.39.

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 the consensus estimate of $0.18 by $0.01. The firm had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. Equities research analysts anticipate that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal 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.