National Pension Service Has $14.63 Million Stock Holdings in Nu Holdings Ltd. $NU

National Pension Service raised its position in Nu Holdings Ltd. (NYSE:NU) by 5.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 873,882 shares of the company’s stock after purchasing an additional 46,756 shares during the period. National Pension Service’s holdings in NU were worth $14,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LOM Asset Management Ltd acquired a new stake in shares of NU during the 4th quarter worth $25,000. Cornerstone Planning Group LLC grew its holdings in shares of NU by 5,448.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after purchasing an additional 1,580 shares in the last quarter. Morse Asset Management Inc acquired a new stake in shares of NU during the 4th quarter worth $31,000. Fifth Third Bancorp grew its holdings in shares of NU by 433.0% during the 4th quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock worth $33,000 after purchasing an additional 1,615 shares in the last quarter. Finally, VSM Wealth Advisory LLC grew its holdings in shares of NU by 1,000.0% during the 3rd 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 in the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Weiss Ratings lowered NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Zacks Research lowered NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Bank of America reissued a “neutral” rating on shares of NU in a report on Monday, March 9th. Itau BBA Securities reissued an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Finally, UBS Group reduced their target price on NU from $18.10 to $16.90 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.39.

NU Stock Performance

NYSE:NU opened at $13.15 on Monday. The stock’s 50-day simple moving average is $14.00 and its 200 day simple moving average is $15.66. The firm has a market capitalization of $63.83 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 0.52 and a beta of 0.95. 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 Holdings Ltd. has a twelve month low of $11.71 and a twelve month high of $18.98.

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

Insider Activity

In related news, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $12.24, for a total value of $257,040.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer directly owned 2,312,338 shares in the company, valued at $34,245,725.78. This trade represents a 11.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

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.