Mitsubishi UFJ Trust & Banking Corp Has $133.15 Million Stock Holdings in Nu Holdings Ltd. $NU

Key Points

• Mitsubishi UFJ Trust & Banking Corp raised its stake in Nu Holdings to 7,954,136 shares (up 5.8% in Q4), holding roughly $133.15 million worth of stock (about 0.17% of NU).
• CEO Cristina Helena Zing Junqueira sold 300,000 shares on March 23 at an average price of $14.81 for about $4.44 million, reducing her holding to 2,312,338 shares (an 11.48% decrease).
• Sell‑side analysts give NU a consensus “Moderate Buy” (12 Buys, 2 Holds) with an average price target of $18.46, and the company recently beat quarterly estimates with $0.19 EPS (vs. $0.18) and $4.86B in revenue (vs. $4.55B expected).

Mitsubishi UFJ Trust & Banking Corp increased its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,954,136 shares of the company's stock after buying an additional 433,033 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.17% of NU worth $133,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. LOM Asset Management Ltd bought a new stake in NU during the 4th quarter worth approximately $25,000. Jordan Park Group LLC raised its stake in shares of NU by 129.3% during 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 last quarter. EverSource Wealth Advisors LLC raised 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 during the last quarter. VSM Wealth Advisory LLC lifted its holdings in shares of NU by 1,000.0% during the third quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company's stock worth $53,000 after purchasing an additional 3,000 shares during the period. Finally, Allworth Financial LP lifted its holdings in shares of NU by 36.1% during the third quarter. Allworth Financial LP now owns 3,488 shares of the company's stock worth $56,000 after purchasing an additional 926 shares during the period. Institutional investors own 84.02% of the company's stock.

Analysts Set New Price Targets

NU has been the subject of a number of recent research reports. UBS Group upgraded NU from a "neutral" rating to a "buy" rating and increased their price objective for the company from $17.20 to $17.60 in a report on Thursday, March 19th. Weiss Ratings upgraded NU from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, February 18th. Zacks Research cut NU from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 24th. Bank of America restated a "neutral" rating on shares of NU in a research report on Monday, March 9th. Finally, Itau BBA Securities reaffirmed an "outperform" rating on shares of NU in a research note on Tuesday, March 17th. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $18.46.

Insider Activity

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the company'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 sale, the chief executive officer owned 2,312,338 shares in the company, valued at $34,245,725.78. This represents a 11.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

NU Price Performance

Shares of NYSE NU opened at $14.68 on Tuesday. The company has a market capitalization of $71.26 billion, a PE ratio of 25.30, a P/E/G ratio of 0.59 and a beta of 1.10. 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 Holdings Ltd. has a twelve month low of $11.71 and a twelve month high of $18.98. The firm has a fifty day simple moving average of $14.88 and a 200 day simple moving average of $16.02.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.01. NU had a net margin of 18.19% and a return on equity of 30.68%. The business had revenue of $4.86 billion for the quarter, compared to analysts' expectations of $4.55 billion. On average, sell-side analysts forecast that Nu Holdings Ltd. will post 0.84 EPS for the current 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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