AMS Capital Ltda Buys 825,817 Shares of Nu Holdings Ltd. $NU

Key Points

• AMS Capital Ltda increased its Nu Holdings stake by 44.7% in the first quarter, purchasing 825,817 shares to own 2.67 million shares valued at approximately $38.4 million. NU now represents 14.9% of the fund’s portfolio.
• Institutional investors and hedge funds collectively own 84.02% of Nu Holdings. The stock opened at $14.35, with a 12-month range of $11.20 to $18.98 and a market capitalization of about $69.65 billion.
• Nu Holdings reported quarterly revenue of $5.32 billion, exceeding estimates, but earnings per share of $0.19 fell short of the $0.20 consensus. Analysts maintain a “Moderate Buy” consensus with an average price target of $17.24.

AMS Capital Ltda grew its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 44.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,672,149 shares of the company's stock after purchasing an additional 825,817 shares during the quarter. NU comprises approximately 14.9% of AMS Capital Ltda's investment portfolio, making the stock its 2nd largest position. AMS Capital Ltda owned approximately 0.06% of NU worth $38,399,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sowell Financial Services LLC lifted its stake in shares of NU by 4.8% in the 4th quarter. Sowell Financial Services LLC now owns 12,952 shares of the company's stock valued at $217,000 after purchasing an additional 599 shares during the period. Parallel Advisors LLC grew its stake in NU by 3.7% during the fourth quarter. Parallel Advisors LLC now owns 16,820 shares of the company's stock worth $282,000 after purchasing an additional 601 shares during the period. MBM Wealth Consultants LLC grew its stake in NU by 1.2% during the fourth quarter. MBM Wealth Consultants LLC now owns 50,284 shares of the company's stock worth $842,000 after purchasing an additional 607 shares during the period. Cornerstone Wealth Group LLC increased its holdings in NU by 1.2% in the fourth quarter. Cornerstone Wealth Group LLC now owns 51,724 shares of the company's stock worth $866,000 after purchasing an additional 621 shares in the last quarter. Finally, Aptus Capital Advisors LLC increased its holdings in NU by 3.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 19,008 shares of the company's stock worth $318,000 after purchasing an additional 624 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.

NU Stock Up 0.1%

Shares of NYSE:NU opened at $14.35 on Monday. The business's 50 day moving average is $13.19 and its 200 day moving average is $14.56. Nu Holdings Ltd. has a 12-month low of $11.20 and a 12-month high of $18.98. The stock has a market cap of $69.65 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 0.57 and a beta of 0.94. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.36.

NU (NYSE:NU - Get Free Report) last posted its earnings results on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. On average, sell-side analysts forecast that Nu Holdings Ltd. will post 0.83 earnings per share for the current fiscal year.

NU declared that its board has authorized a share buyback plan on Thursday, June 4th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NU shares. JPMorgan Chase & Co. increased their price target on NU from $18.00 to $20.00 and gave the stock an "overweight" rating in a report on Tuesday, July 7th. Scotiabank lowered shares of NU to a "sector perform" rating and set a $13.00 price objective for the company. in a research note on Wednesday, June 3rd. Susquehanna downgraded shares of NU from a "positive" rating to a "neutral" rating and dropped their target price for the company from $18.00 to $13.00 in a research report on Wednesday, June 3rd. UBS Group cut their target price on shares of NU from $18.10 to $16.90 and set a "buy" rating on the stock in a research note on Wednesday, May 20th. Finally, CICC Research assumed coverage on shares of NU in a report on Tuesday, April 14th. They issued an "outperform" rating and a $18.00 price target for the company. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.24.

Insider Transactions at NU

In related news, Director Anita M. Sands sold 21,000 shares of the business'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 directly owned 162,150 shares of the company's stock, valued at approximately $1,984,716. The trade was a 11.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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.

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