C WorldWide Group Holding A S Grows Position in Nu Holdings Ltd. $NU

C WorldWide Group Holding A S increased its holdings in Nu Holdings Ltd. (NYSE:NU) by 1,045.3% in the fourth quarter, Holdings Channel reports. The fund owned 311,792 shares of the company’s stock after purchasing an additional 284,569 shares during the quarter. C WorldWide Group Holding A S’s holdings in NU were worth $5,219,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Maxi Investments CY Ltd lifted its stake in NU by 85.5% in the fourth quarter. Maxi Investments CY Ltd now owns 783,000 shares of the company’s stock worth $13,107,000 after acquiring an additional 361,000 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in NU by 14.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,695,159 shares of the company’s stock worth $219,259,000 after acquiring an additional 1,703,787 shares during the period. Washington University lifted its stake in NU by 1.5% in the third quarter. Washington University now owns 10,566,927 shares of the company’s stock worth $169,177,000 after acquiring an additional 158,731 shares during the period. Mawer Investment Management Ltd. purchased a new stake in NU in the third quarter worth about $10,829,000. Finally, WCM Investment Management LLC lifted its stake in NU by 0.9% in the third quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock worth $1,187,935,000 after acquiring an additional 659,526 shares during the period. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NU has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Zacks Research cut shares of NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. UBS Group upgraded 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 report on Thursday, March 19th. Susquehanna raised their price target on shares of NU from $19.00 to $22.00 and gave the company a “positive” rating in a report on Tuesday, January 27th. Finally, Itau BBA Securities restated an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.46.

NU Stock Down 0.1%

NYSE:NU opened at $13.79 on Monday. Nu Holdings Ltd. has a fifty-two week low of $11.71 and a fifty-two week high of $18.98. The stock has a market capitalization of $66.94 billion, a P/E ratio of 23.77, a P/E/G ratio of 0.56 and a beta of 1.01. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.58. The company’s 50-day simple moving average is $14.57 and its 200-day simple moving average is $15.99.

NU (NYSE:NU) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. The firm had revenue of $4.86 billion during 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%. On average, equities analysts anticipate that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.

Insider Activity at NU

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. This trade represents a 11.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

About NU

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.