Nu Holdings Ltd. $NU Shares Bought by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd grew its holdings in Nu Holdings Ltd. (NYSE:NU) by 18.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 396,988 shares of the company’s stock after buying an additional 60,953 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in NU were worth $6,646,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its position in shares of NU by 63.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock worth $52,000 after purchasing an additional 1,464 shares in the last quarter. Jump Financial LLC boosted its holdings in NU by 541.8% during the second quarter. Jump Financial LLC now owns 185,434 shares of the company’s stock worth $2,544,000 after buying an additional 156,539 shares in the last quarter. WINTON GROUP Ltd grew its position in NU by 38.5% during the second quarter. WINTON GROUP Ltd now owns 37,156 shares of the company’s stock worth $510,000 after buying an additional 10,332 shares during the period. AXA S.A. increased its holdings in NU by 1.4% in the second quarter. AXA S.A. now owns 192,311 shares of the company’s stock valued at $2,639,000 after buying an additional 2,682 shares in the last quarter. Finally, Nebula Research & Development LLC lifted its position in shares of NU by 63.7% during the 2nd quarter. Nebula Research & Development LLC now owns 19,937 shares of the company’s stock valued at $274,000 after acquiring an additional 7,760 shares during the period. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Stock Down 3.5%

NU opened at $12.81 on Thursday. Nu Holdings Ltd. has a 12 month low of $11.71 and a 12 month high of $18.98. The business has a 50-day moving average of $14.40 and a two-hundred day moving average of $15.93. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market capitalization of $62.18 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 0.54 and a beta of 1.01.

NU (NYSE:NU) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. NU had a net margin of 18.19% and a return on equity of 30.68%. The business had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.55 billion. On average, research analysts expect that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NU shares. Bank of America reaffirmed a “neutral” rating on shares of NU in a research note on Monday, March 9th. Susquehanna raised their target price on shares of NU from $19.00 to $22.00 and gave the company a “positive” rating in a report on Tuesday, January 27th. Zacks Research cut shares of NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Weiss Ratings upgraded shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Finally, CICC Research assumed coverage on NU in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 target price on the stock. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $18.46.

Insiders Place Their Bets

In other NU 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 transaction of $4,443,000.00. Following the transaction, 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. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

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.