Varma Mutual Pension Insurance Co Acquires 40,700 Shares of Nu Holdings Ltd. $NU

Varma Mutual Pension Insurance Co lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 10.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 424,600 shares of the company’s stock after purchasing an additional 40,700 shares during the period. Varma Mutual Pension Insurance Co’s holdings in NU were worth $7,108,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. CENTRAL TRUST Co grew its stake in shares of NU by 148.3% during the fourth quarter. CENTRAL TRUST Co now owns 14,400 shares of the company’s stock valued at $241,000 after purchasing an additional 8,600 shares during the last quarter. Cornerstone Planning Group LLC grew its stake in shares of NU by 5,448.3% during the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock valued at $27,000 after purchasing an additional 1,580 shares during the last quarter. Ping Capital Management Inc. bought a new stake in shares of NU during the fourth quarter valued at approximately $228,000. Horizon Investments LLC grew its stake in shares of NU by 8.6% during the fourth quarter. Horizon Investments LLC now owns 17,646 shares of the company’s stock valued at $295,000 after purchasing an additional 1,390 shares during the last quarter. Finally, MN Wealth Advisors LLC bought a new stake in shares of NU during the fourth quarter valued at approximately $190,000. 84.02% of the stock is owned by institutional investors.

NU Price Performance

Shares of NU stock opened at $14.26 on Wednesday. Nu Holdings Ltd. has a 52-week low of $11.71 and a 52-week high of $18.98. The stock has a market cap of $69.25 billion, a PE ratio of 24.59, a PEG ratio of 0.57 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 firm’s 50 day moving average price is $14.65 and its two-hundred day moving average price is $16.00.

NU (NYSE:NU) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. NU had a net margin of 18.19% and a return on equity of 30.68%. The firm had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.55 billion. As a group, analysts forecast that Nu Holdings Ltd. will post 0.84 EPS for the current year.

Insider Transactions at NU

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s 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 transaction, the chief executive officer directly owned 2,312,338 shares of the company’s stock, valued at approximately $34,245,725.78. This trade represents a 11.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Bank of America reissued a “neutral” rating on shares of NU in a research note on Monday, March 9th. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Weiss Ratings upgraded NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Susquehanna raised their price target on NU from $19.00 to $22.00 and gave the company a “positive” rating in a report on Tuesday, January 27th. Finally, CICC Research assumed coverage on NU in a report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price target on the stock. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.46.

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.