Axiom Investors LLC DE Has $7.38 Million Stock Position in Nu Holdings Ltd. $NU

Key Points

• Axiom Investors LLC DE reduced its holdings in Nu Holdings Ltd. by 57.8%, selling 985,920 shares, and now owns 720,340 shares worth approximately $7.36 million.
• Several institutional investors, including BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp and Smartleaf Asset Management LLC, significantly increased their stakes in Nu Holdings during the quarter.
• Nu Holdings recently reported a 0.14 EPS, exceeding expectations, with analysts forecasting an average of 0.58 EPS for the current fiscal year.

Axiom Investors LLC DE cut its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 57.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 720,340 shares of the company's stock after selling 985,920 shares during the period. Axiom Investors LLC DE's holdings in NU were worth $7,376,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of NU. Raymond James Financial Inc. acquired a new position in shares of NU in the 4th quarter valued at $3,499,000. Guggenheim Capital LLC boosted its holdings in NU by 95.0% during the 4th quarter. Guggenheim Capital LLC now owns 55,194 shares of the company's stock valued at $572,000 after acquiring an additional 26,886 shares during the period. TD Waterhouse Canada Inc. grew its position in NU by 190.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock valued at $51,000 after acquiring an additional 3,215 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in NU by 176.9% in the 4th quarter. OneDigital Investment Advisors LLC now owns 73,326 shares of the company's stock valued at $760,000 after acquiring an additional 46,849 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in NU by 16.2% during the fourth quarter. Hsbc Holdings PLC now owns 1,318,987 shares of the company's stock worth $13,739,000 after purchasing an additional 184,164 shares during the period. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Stock Performance

NYSE:NU traded up $0.06 during trading hours on Tuesday, reaching $14.29. 70,749,814 shares of the stock were exchanged, compared to its average volume of 51,891,928. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $68.83 billion, a P/E ratio of 31.06, a P/E/G ratio of 0.79 and a beta of 1.05. The firm has a 50 day simple moving average of $12.99 and a 200-day simple moving average of $12.17.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The business had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same period in the previous year, the business earned $0.12 earnings per share. As a group, sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

NU has been the topic of several research analyst reports. Itau BBA Securities raised shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 price objective on the stock in a research report on Monday, August 18th. Morgan Stanley reissued an "overweight" rating on shares of NU in a report on Friday, June 13th. Susquehanna upped their price objective on NU from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Wednesday, May 14th. Santander upgraded NU to a "neutral" rating in a report on Monday. Finally, Bank of America raised their price objective on NU from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, NU presently has an average rating of "Moderate Buy" and an average target price of $16.70.

NU Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.