WCM Investment Management LLC Has $984.03 Million Stock Holdings in Nu Holdings Ltd. $NU

WCM Investment Management LLC trimmed its holdings in Nu Holdings Ltd. (NYSE:NU) by 1.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,837,195 shares of the company’s stock after selling 1,101,400 shares during the period. NU accounts for approximately 2.2% of WCM Investment Management LLC’s holdings, making the stock its 16th largest position. WCM Investment Management LLC’s holdings in NU were worth $984,031,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. LOM Asset Management Ltd bought a new position in shares of NU during the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in NU by 14,810.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after purchasing an additional 1,481 shares in the last quarter. Cornerstone Planning Group LLC boosted its holdings in NU by 5,448.3% in the fourth 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. Zions Bancorporation National Association UT acquired a new position in NU during the fourth quarter worth $27,000. Finally, Morse Asset Management Inc acquired a new position in NU during the fourth quarter worth $31,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

Insider Buying and Selling at NU

In related news, Director Anita M. Sands sold 21,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $12.24, for a total transaction of $257,040.00. Following the completion of the sale, the director owned 162,150 shares in the company, valued at $1,984,716. This represents a 11.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Zacks Research lowered NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. CICC Research started coverage on NU in a report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price objective on the stock. Bank of America reissued an “underperform” rating on shares of NU in a research note on Tuesday, June 2nd. Scotiabank lowered NU to a “sector perform” rating and set a $13.00 target price for the company. in a report on Wednesday, June 3rd. Finally, Susquehanna cut NU from a “positive” rating to a “neutral” rating and decreased their target price for the stock from $18.00 to $13.00 in a research report on Wednesday, June 3rd. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.24.

NU Stock Up 0.1%

NU stock opened at $13.60 on Monday. The firm has a market cap of $66.06 billion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 0.54 and a beta of 0.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.58 and a quick ratio of 0.58. Nu Holdings Ltd. has a fifty-two week low of $11.20 and a fifty-two week high of $18.98. The firm has a fifty day moving average price of $12.89 and a two-hundred day moving average price of $14.77.

NU (NYSE:NU) last released its quarterly earnings results on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. As a group, analysts forecast that Nu Holdings Ltd. will post 0.83 earnings per share for the current year.

NU declared that its Board of Directors has approved a share repurchase program on Thursday, June 4th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.