Cumberland Partners Ltd Boosts Stake in Nu Holdings Ltd. $NU

Cumberland Partners Ltd lifted its stake in Nu Holdings Ltd. (NYSE:NU) by 137.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,000 shares of the company’s stock after purchasing an additional 165,000 shares during the period. Cumberland Partners Ltd’s holdings in NU were worth $4,771,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Maxi Investments CY Ltd boosted its holdings in NU by 85.5% in the 4th quarter. Maxi Investments CY Ltd now owns 783,000 shares of the company’s stock worth $13,107,000 after buying an additional 361,000 shares during the period. C WorldWide Group Holding A S boosted its holdings in NU by 1,045.3% in the 4th quarter. C WorldWide Group Holding A S now owns 311,792 shares of the company’s stock worth $5,219,000 after buying an additional 284,569 shares during the period. Washington University boosted its holdings in NU by 1.5% in the 3rd quarter. Washington University now owns 10,566,927 shares of the company’s stock worth $169,177,000 after buying an additional 158,731 shares during the period. Mawer Investment Management Ltd. bought a new position in NU in the 3rd quarter worth $10,829,000. Finally, WCM Investment Management LLC boosted its holdings in NU by 0.9% in the 3rd quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock worth $1,187,935,000 after buying an additional 659,526 shares during the period. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Susquehanna upped their target price on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday, January 27th. UBS Group dropped their target price on shares of NU from $18.10 to $16.90 and set a “buy” rating for the company in a report on Wednesday. Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Weiss Ratings downgraded shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Finally, Zacks Research downgraded shares of NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, NU currently has an average rating of “Moderate Buy” and a consensus target price of $18.39.

Insider Activity

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. This represents a 11.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anita M. Sands sold 21,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $12.24, for a total transaction of $257,040.00. Following the transaction, the director directly owned 162,150 shares of the company’s stock, valued at $1,984,716. This trade represents a 11.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is owned by corporate insiders.

NU Stock Down 3.2%

NU opened at $12.74 on Friday. The firm has a 50-day simple moving average of $14.11 and a two-hundred day simple moving average of $15.77. Nu Holdings Ltd. has a 52 week low of $11.71 and a 52 week high of $18.98. The company has a market capitalization of $61.84 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 0.53 and a beta of 1.01. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.36.

NU (NYSE:NU) last released its quarterly earnings data on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). NU had a net margin of 18.20% and a return on equity of 30.91%. The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.06 billion. Analysts forecast that Nu Holdings Ltd. will post 0.84 earnings per share 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.