Coronation Fund Managers Ltd. lowered its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,403,098 shares of the company's stock after selling 452,929 shares during the quarter. NU makes up 10.8% of Coronation Fund Managers Ltd.'s holdings, making the stock its 3rd largest position. Coronation Fund Managers Ltd. owned about 0.30% of NU worth $241,108,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the business. LOM Asset Management Ltd purchased a new position in NU in the 4th quarter valued at about $25,000. Jordan Park Group LLC lifted its stake in NU by 129.3% in the 3rd quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company's stock valued at $31,000 after buying an additional 1,104,421 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in NU by 63.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company's stock valued at $52,000 after buying an additional 1,464 shares in the last quarter. VSM Wealth Advisory LLC lifted its stake in NU by 1,000.0% in the 3rd quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company's stock valued at $53,000 after buying an additional 3,000 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in NU by 36.1% in the 3rd quarter. Allworth Financial LP now owns 3,488 shares of the company's stock valued at $56,000 after buying an additional 926 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. 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 research note on Thursday, March 19th. Bank of America reaffirmed a "neutral" rating on shares of NU in a research note on Monday, March 9th. Weiss Ratings raised shares of NU from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, February 18th. Itau BBA Securities reaffirmed an "outperform" rating on shares of NU in a research note on Tuesday, March 17th. Finally, Zacks Research lowered shares of NU from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 24th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, NU has a consensus rating of "Moderate Buy" and an average price target of $18.46.
Get Our Latest Stock Report on NU
NU Trading Up 0.5%
NU opened at $14.53 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.58 and a quick ratio of 0.58. The company's 50 day simple moving average is $14.93 and its two-hundred day simple moving average is $16.01. Nu Holdings Ltd. has a 1-year low of $11.71 and a 1-year high of $18.98. The firm has a market capitalization of $70.53 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 0.58 and a beta of 1.10.
NU (NYSE:NU - Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.01. The business had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. Analysts expect that Nu Holdings Ltd. will post 0.84 EPS for the current fiscal year.
Insider Activity at NU
In other news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of NU stock in a transaction that occurred on Monday, March 23rd. The shares were 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 of the company's stock, valued at approximately $34,245,725.78. The trade was a 11.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.20% of the company's stock.
NU Company Profile
(
Free Report)
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.
See Also
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