Mawer Investment Management Ltd. Grows Stake in Nu Holdings Ltd. $NU

Mawer Investment Management Ltd. raised its stake in Nu Holdings Ltd. (NYSE:NU) by 578.0% during the 4th quarter, HoldingsChannel reports. The firm owned 4,585,720 shares of the company’s stock after acquiring an additional 3,909,320 shares during the quarter. Mawer Investment Management Ltd.’s holdings in NU were worth $76,765,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NU. EverSource Wealth Advisors LLC grew its stake in shares of NU by 63.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after acquiring an additional 1,464 shares in the last quarter. Jump Financial LLC grew its stake in shares of NU by 541.8% during the second quarter. Jump Financial LLC now owns 185,434 shares of the company’s stock valued at $2,544,000 after acquiring an additional 156,539 shares in the last quarter. WINTON GROUP Ltd grew its stake in shares of NU by 38.5% during the second quarter. WINTON GROUP Ltd now owns 37,156 shares of the company’s stock valued at $510,000 after acquiring an additional 10,332 shares in the last quarter. AXA S.A. grew its stake in shares of NU by 1.4% during the second quarter. AXA S.A. now owns 192,311 shares of the company’s stock valued at $2,639,000 after acquiring an additional 2,682 shares in the last quarter. Finally, Nebula Research & Development LLC grew its stake in shares of NU by 63.7% during the second quarter. Nebula Research & Development LLC now owns 19,937 shares of the company’s stock valued at $274,000 after acquiring an additional 7,760 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Down 1.3%

NYSE:NU opened at $12.97 on Tuesday. The company has a market capitalization of $62.95 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 0.52 and a beta of 0.95. Nu Holdings Ltd. has a one year low of $11.71 and a one year high of $18.98. The stock has a 50-day simple moving average of $13.98 and a 200 day simple moving average of $15.64. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58.

NU (NYSE:NU) last issued its earnings results on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NU had a return on equity of 30.91% and a net margin of 18.20%.The business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.06 billion. Sell-side analysts predict that Nu Holdings Ltd. will post 0.84 EPS for the current fiscal year.

Insider Transactions at NU

In other NU news, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $12.24, for a total value of $257,040.00. Following the transaction, the director owned 162,150 shares of the company’s stock, valued at $1,984,716. This trade represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 2,312,338 shares in the company, valued at $34,245,725.78. This represents a 11.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NU. UBS Group lowered their target price on NU from $18.10 to $16.90 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Itau BBA Securities restated an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. Bank of America restated a “neutral” rating on shares of NU in a research note on Monday, March 9th. Weiss Ratings downgraded NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Finally, Zacks Research downgraded NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.39.

About NU

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.