Axiom Investors LLC DE Increases Position in Nu Holdings Ltd. $NU

Axiom Investors LLC DE lifted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 14.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 8,320,628 shares of the company’s stock after buying an additional 1,039,231 shares during the period. NU accounts for approximately 1.2% of Axiom Investors LLC DE’s portfolio, making the stock its 19th largest holding. Axiom Investors LLC DE’s holdings in NU were worth $139,287,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Baillie Gifford & Co. lifted its stake in shares of NU by 2.3% during the fourth quarter. Baillie Gifford & Co. now owns 257,256,952 shares of the company’s stock valued at $4,306,481,000 after buying an additional 5,797,365 shares during the period. State Street Corp raised its stake in NU by 0.3% during the third quarter. State Street Corp now owns 91,478,395 shares of the company’s stock worth $1,464,569,000 after purchasing an additional 239,660 shares during the period. Norges Bank purchased a new position in NU during the fourth quarter worth approximately $763,792,000. Jennison Associates LLC raised its stake in NU by 82.6% during the fourth quarter. Jennison Associates LLC now owns 39,370,791 shares of the company’s stock worth $659,067,000 after purchasing an additional 17,809,644 shares during the period. Finally, Legal & General Group Plc raised its stake in NU by 5.0% during the third quarter. Legal & General Group Plc now owns 30,176,407 shares of the company’s stock worth $483,124,000 after purchasing an additional 1,430,827 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $12.24, for a total transaction of $257,040.00. Following the sale, the director directly owned 162,150 shares of the company’s stock, valued at approximately $1,984,716. The trade was a 11.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

NU Price Performance

NU opened at $11.87 on Wednesday. The company has a fifty day simple moving average of $13.71 and a 200 day simple moving average of $15.48. The firm has a market cap of $57.65 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 0.46 and a beta of 0.95. Nu Holdings Ltd. has a twelve month low of $11.20 and a twelve month high of $18.98. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36.

NU (NYSE:NU) last released its quarterly earnings results on Friday, May 15th. The company reported $0.19 earnings per share 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 analyst estimates of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. Equities research analysts expect that Nu Holdings Ltd. will post 0.84 EPS for the current fiscal year.

NU declared that its board has approved a share buyback plan on Thursday, June 4th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

NU has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. CICC Research initiated coverage on shares of NU in a research note on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price target on the stock. Susquehanna downgraded shares of NU from a “positive” rating to a “neutral” rating and cut their price target for the stock from $18.00 to $13.00 in a research note on Wednesday, June 3rd. Finally, Scotiabank downgraded shares of NU to a “sector perform” rating and set a $13.00 price target on the stock. in a research note on Wednesday, June 3rd. Ten investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.08.

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.