Nu Holdings Ltd. $NU Shares Bought by SBI Securities Co. Ltd.

Key Points

• SBI Securities boosted its stake in Nu by 77.5% in Q4 to 259,796 shares (about $4.35M), amid large purchases from Jennison, Lone Pine, Marshall Wace, Arrowstreet and William Blair, leaving institutions owning 84.02% of NU.
• Analyst sentiment is largely positive — 12 Buys vs. 2 Holds — giving a consensus "Moderate Buy" and an average price target of $18.46, versus the recent share price near $14.26.
• CEO Cristina Junqueira sold 300,000 shares at an average $14.81 (a reported ~11.48% reduction in her stake); NU trades with a 52‑week range of $11.71–$18.98, a P/E of ~24.6 and a market cap around $69.3B.

SBI Securities Co. Ltd. raised its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 77.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,796 shares of the company's stock after acquiring an additional 113,392 shares during the quarter. SBI Securities Co. Ltd.'s holdings in NU were worth $4,349,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Lone Pine Capital LLC purchased a new position in NU in the third quarter valued at $406,757,000. Jennison Associates LLC boosted its holdings in NU by 82.6% in the fourth quarter. Jennison Associates LLC now owns 39,370,791 shares of the company's stock valued at $659,067,000 after purchasing an additional 17,809,644 shares during the period. Marshall Wace LLP boosted its holdings in NU by 98.4% in the third quarter. Marshall Wace LLP now owns 29,141,505 shares of the company's stock valued at $466,555,000 after purchasing an additional 14,449,834 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in NU by 276.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 18,416,144 shares of the company's stock valued at $294,842,000 after purchasing an additional 13,529,278 shares during the period. Finally, William Blair Investment Management LLC boosted its holdings in NU by 182.9% in the third quarter. William Blair Investment Management LLC now owns 19,449,424 shares of the company's stock valued at $311,385,000 after purchasing an additional 12,574,893 shares during the period. Hedge funds and other institutional investors own 84.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NU shares. UBS Group upgraded NU from a "neutral" rating to a "buy" rating and lifted their target price for the company from $17.20 to $17.60 in a report on Thursday, March 19th. Zacks Research downgraded NU from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 24th. Susquehanna boosted their price objective on NU from $19.00 to $22.00 and gave the stock a "positive" rating in a research report on Tuesday, January 27th. CICC Research assumed coverage on NU in a research report on Tuesday, April 14th. They set an "outperform" rating and a $18.00 price objective for the company. Finally, Itau BBA Securities reissued an "outperform" rating on shares of NU in a research report on Tuesday, March 17th. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $18.46.

Insider Transactions at NU

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the company's stock in a transaction that occurred on Monday, March 23rd. The stock was 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 of the company's stock, valued at $34,245,725.78. This represents a 11.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

NU Stock Performance

Shares of NU opened at $14.26 on Wednesday. The stock has a 50 day moving average price of $14.65 and a 200 day moving average price of $16.00. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $69.25 billion, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 0.57 and a beta of 1.01. Nu Holdings Ltd. has a 52-week low of $11.71 and a 52-week high of $18.98.

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

NU Company 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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