Alberta Investment Management Corp Has $11.23 Million Stock Holdings in Nu Holdings Ltd. $NU

Alberta Investment Management Corp increased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 3,647.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 670,800 shares of the company’s stock after buying an additional 652,900 shares during the period. Alberta Investment Management Corp’s holdings in NU were worth $11,229,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Maxi Investments CY Ltd lifted its holdings in NU by 85.5% during the 4th quarter. Maxi Investments CY Ltd now owns 783,000 shares of the company’s stock worth $13,107,000 after purchasing an additional 361,000 shares during the last quarter. C WorldWide Group Holding A S grew its position in shares of NU by 1,045.3% during the 4th quarter. C WorldWide Group Holding A S now owns 311,792 shares of the company’s stock worth $5,219,000 after purchasing an additional 284,569 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of NU by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 24,814,878 shares of the company’s stock worth $415,401,000 after purchasing an additional 1,037,438 shares during the period. Genoa Capital Gestora de Recursos Ltda. acquired a new stake in shares of NU in the fourth quarter valued at approximately $3,869,000. Finally, Blue Owl Capital Holdings LP acquired a new stake in shares of NU in the third quarter valued at approximately $2,784,000. 84.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NU. Scotiabank downgraded NU to a “sector perform” rating and set a $13.00 price target on the stock. in a research report on Wednesday, June 3rd. Zacks Research downgraded NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Bank of America reaffirmed an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. Weiss Ratings downgraded shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Finally, Susquehanna cut shares of NU from a “positive” rating to a “neutral” rating and dropped their target price for the company from $18.00 to $13.00 in a research report on Wednesday, June 3rd. Nine research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.08.

Insider Buying and Selling at NU

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 stock was sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $12.24, for a total value of $257,040.00. Following 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. Additional details regarding this sale are available in the official SEC disclosure.

NU Stock Up 2.5%

NU stock opened at $12.74 on Wednesday. The firm has a 50-day moving average price of $13.51 and a 200-day moving average price of $15.33. Nu Holdings Ltd. has a 12 month low of $11.20 and a 12 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. The stock has a market capitalization of $61.85 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 0.50 and a beta of 0.95.

NU (NYSE:NU) last announced its quarterly 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). The company 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, equities research analysts anticipate that Nu Holdings Ltd. will post 0.84 EPS for the current fiscal year.

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

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.