Life Cycle Investment Partners Ltd Makes New Investment in Nu Holdings Ltd. $NU

Life Cycle Investment Partners Ltd bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,588,809 shares of the company’s stock, valued at approximately $43,337,000.

Other large investors have also recently added to or reduced their stakes in the company. LOM Asset Management Ltd bought a new position in NU during the 4th quarter worth about $25,000. Cornerstone Planning Group LLC increased its holdings in 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. Jordan Park Group LLC grew its holdings in shares of 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 acquiring an additional 1,104,421 shares in the last quarter. Morse Asset Management Inc bought a new position in shares of NU in the 4th quarter valued at about $31,000. Finally, Fifth Third Bancorp grew its holdings in shares of NU by 433.0% in the 4th quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock valued at $33,000 after acquiring an additional 1,615 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

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 shares were sold at an average price of $12.24, for a total value of $257,040.00. Following the completion of the sale, the director directly owned 162,150 shares in the company, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 transaction of $4,443,000.00. Following the completion of the sale, the chief executive officer 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NU. UBS Group decreased their price objective on NU from $18.10 to $16.90 and set a “buy” rating for the company in a report on Wednesday. Weiss Ratings cut NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Zacks Research cut NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Bank of America restated a “neutral” rating on shares of NU in a report on Monday, March 9th. Finally, Susquehanna raised their price objective on NU from $19.00 to $22.00 and gave the company a “positive” rating in a report on Tuesday, January 27th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, NU currently has an average rating of “Moderate Buy” and an average price target of $18.39.

NU Trading Down 3.2%

Shares of NYSE:NU opened at $12.74 on Friday. 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 P/E ratio of 19.59, a price-to-earnings-growth ratio of 0.51 and a beta of 1.01. The company has a 50-day simple moving average of $14.11 and a 200 day simple moving average of $15.77. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58.

NU (NYSE:NU) last issued its earnings results on Friday, May 15th. The company reported $0.19 earnings per share (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 firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.06 billion. Sell-side analysts forecast that Nu Holdings Ltd. will post 0.84 earnings per share for the current 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.