AMF Tjanstepension AB Buys 70,992 Shares of Nu Holdings Ltd. $NU

AMF Tjanstepension AB grew its holdings in Nu Holdings Ltd. (NYSE:NU) by 28.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 322,639 shares of the company’s stock after purchasing an additional 70,992 shares during the quarter. AMF Tjanstepension AB’s holdings in NU were worth $5,401,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NU. Maxi Investments CY Ltd raised its position in shares of NU by 85.5% in the 4th quarter. Maxi Investments CY Ltd now owns 783,000 shares of the company’s stock valued at $13,107,000 after acquiring an additional 361,000 shares during the period. C WorldWide Group Holding A S raised its position in shares of NU by 1,045.3% in the 4th quarter. C WorldWide Group Holding A S now owns 311,792 shares of the company’s stock valued at $5,219,000 after acquiring an additional 284,569 shares during the period. Washington University raised its position in shares of NU by 1.5% in the 3rd quarter. Washington University now owns 10,566,927 shares of the company’s stock valued at $169,177,000 after acquiring an additional 158,731 shares during the period. Mawer Investment Management Ltd. acquired a new stake in shares of NU in the 3rd quarter valued at approximately $10,829,000. Finally, WCM Investment Management LLC raised its position in shares of NU by 0.9% in the 3rd quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock valued at $1,187,935,000 after acquiring an additional 659,526 shares during the period. Institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on NU. Zacks Research downgraded shares of NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Weiss Ratings downgraded shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Susquehanna increased their price target on shares of NU from $19.00 to $22.00 and gave the company a “positive” rating in a research report on Tuesday, January 27th. Bank of America reiterated a “neutral” rating on shares of NU in a research report on Monday, March 9th. Finally, Itau BBA Securities reiterated an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $18.46.

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 value of $4,443,000.00. Following the completion of the sale, the chief executive officer owned 2,312,338 shares of the company’s stock, valued at approximately $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 can be accessed through this link.

NU Trading Up 0.8%

Shares of NU stock opened at $12.29 on Tuesday. The firm has a 50-day moving average of $14.26 and a 200-day moving average of $15.86. The stock has a market cap of $59.65 billion, a PE ratio of 18.90, a PEG ratio of 0.49 and a beta of 1.01. Nu Holdings Ltd. has a 52-week low of $11.71 and a 52-week high of $18.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.58.

NU (NYSE:NU) last announced its earnings results on Thursday, May 14th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 32.46%. As a group, sell-side analysts forecast that Nu Holdings Ltd. will post 0.84 EPS 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.