Nu Holdings Ltd. $NU Stake Boosted by INCA Investments LLC

INCA Investments LLC boosted its stake in Nu Holdings Ltd. (NYSE:NU) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,534,540 shares of the company’s stock after purchasing an additional 42,933 shares during the period. NU comprises 9.0% of INCA Investments LLC’s investment portfolio, making the stock its 6th largest position. INCA Investments LLC’s holdings in NU were worth $25,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of NU. Lone Pine Capital LLC purchased a new position in NU in the 3rd quarter worth approximately $406,757,000. Jennison Associates LLC increased its stake in NU by 82.6% in the 4th 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 during the period. Marshall Wace LLP increased its stake in NU by 98.4% in the 3rd 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 during the period. Arrowstreet Capital Limited Partnership increased its stake in NU by 276.8% in the 3rd 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 during the period. Finally, William Blair Investment Management LLC grew its position in shares of NU by 182.9% in the 3rd quarter. William Blair Investment Management LLC now owns 19,449,424 shares of the company’s stock worth $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.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NU shares. Zacks Research lowered NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. UBS Group upgraded NU from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $17.20 to $17.60 in a research report on Thursday, March 19th. Weiss Ratings upgraded NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. Finally, Susquehanna lifted their price objective on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research report on Tuesday, January 27th. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $18.46.

NU Trading Down 1.7%

NYSE NU opened at $13.28 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. Nu Holdings Ltd. has a twelve month low of $11.71 and a twelve month high of $18.98. The firm has a market capitalization of $64.46 billion, a PE ratio of 22.89, a P/E/G ratio of 0.55 and a beta of 1.01. The stock’s 50 day moving average is $14.45 and its 200 day moving average is $15.95.

NU (NYSE:NU) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. NU had a return on equity of 30.68% and a net margin of 18.19%.The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.55 billion. Research analysts forecast that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.

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 on Monday, March 23rd. The stock was sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the completion of the sale, the chief executive officer owned 2,312,338 shares in the company, valued at approximately $34,245,725.78. This represents a 11.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.