Nu Holdings Ltd. $NU Shares Purchased by Investment Management Associates Inc. ADV

Investment Management Associates Inc. ADV increased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 86.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 928,723 shares of the company’s stock after purchasing an additional 430,383 shares during the quarter. NU accounts for approximately 4.3% of Investment Management Associates Inc. ADV’s holdings, making the stock its 11th biggest position. Investment Management Associates Inc. ADV’s holdings in NU were worth $15,547,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at NU

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

Wall Street Analyst Weigh In

NU has been the subject of a number of recent analyst reports. Weiss Ratings raised NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Itau BBA Securities reissued an “outperform” rating on shares of NU in a report on Tuesday, March 17th. CICC Research initiated coverage on NU in a report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 target price for the company. Zacks Research downgraded NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, Susquehanna raised their target price on NU from $19.00 to $22.00 and gave the company a “positive” rating in a report on Tuesday, January 27th. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, NU currently has an average rating of “Moderate Buy” and a consensus target price of $18.46.

NU Trading Down 3.3%

Shares of NU stock opened at $13.79 on Friday. Nu Holdings Ltd. has a fifty-two week low of $11.71 and a fifty-two week high of $18.98. The stock has a market cap of $66.94 billion, a P/E ratio of 23.77, a P/E/G ratio of 0.58 and a beta of 1.01. The business has a fifty day simple moving average of $14.57 and a 200-day simple moving average of $15.99. 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 (NYSE:NU) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. NU had a return on equity of 30.68% and a net margin of 18.19%.The business had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.55 billion. On average, analysts forecast that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.

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.