Mitsubishi UFJ Asset Management Co. Ltd. Raises Position in Nu Holdings Ltd. $NU

Key Points

• Mitsubishi UFJ Asset Management increased its stake in Nu Holdings by 7.1% in Q4, adding 252,700 shares to hold 3,819,194 shares worth about $65.0 million (≈0.08% of the company).
• CEO Cristina Junqueira sold 300,000 shares on March 23 at an average price of $14.81, reducing her ownership by 11.48% to 2,312,338 shares (insiders own about 1.20% of NU).
• Analysts have a consensus rating of "Moderate Buy" on NU, with 12 Buy and 2 Hold ratings and an average price target of $18.46.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 7.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,819,194 shares of the company's stock after buying an additional 252,700 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.08% of NU worth $65,003,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. grew its stake in NU by 14.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,695,159 shares of the company's stock valued at $219,259,000 after buying an additional 1,703,787 shares in the last quarter. Washington University grew its stake in NU by 1.5% in the 3rd quarter. Washington University now owns 10,566,927 shares of the company's stock valued at $169,177,000 after buying an additional 158,731 shares in the last quarter. Mawer Investment Management Ltd. purchased a new position in NU in the 3rd quarter valued at approximately $10,829,000. WCM Investment Management LLC grew its stake in NU by 0.9% in the 3rd quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company's stock valued at $1,187,935,000 after buying an additional 659,526 shares in the last quarter. Finally, Genoa Capital Gestora de Recursos Ltda. purchased a new position in NU in the 4th quarter valued at approximately $3,869,000. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions 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 shares were 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 directly owned 2,312,338 shares in the company, valued at approximately $34,245,725.78. The trade was a 11.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.20% of the company's stock.

Analyst Ratings Changes

NU has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of NU from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, February 18th. Zacks Research downgraded shares of NU from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 24th. 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. Susquehanna raised their price target on shares of NU from $19.00 to $22.00 and gave the company a "positive" rating in a report on Tuesday, January 27th. Finally, UBS Group raised shares of NU from a "neutral" rating to a "buy" rating and raised their price target for the company from $17.20 to $17.60 in a report on Thursday, March 19th. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, NU has a consensus rating of "Moderate Buy" and an average price target of $18.46.

NU Stock Down 1.6%

Shares of NYSE:NU opened at $14.25 on Friday. The firm has a fifty day moving average price of $14.57 and a two-hundred day moving average price of $15.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.58 and a quick ratio of 0.58. Nu Holdings Ltd. has a one year low of $11.71 and a one year high of $18.98. The company has a market cap of $69.17 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 0.59 and a beta of 1.01.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. NU had a net margin of 18.19% and a return on equity of 30.68%. The firm had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.55 billion. Analysts anticipate that Nu Holdings Ltd. will post 0.84 EPS for the current fiscal year.

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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