Nu Holdings Ltd. $NU is Atmos Capital Gestao DE Recursos LTDA.’s Largest Position

Atmos Capital Gestao DE Recursos LTDA. lifted its position in Nu Holdings Ltd. (NYSE:NU) by 10.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,815,788 shares of the company’s stock after purchasing an additional 1,554,704 shares during the quarter. NU comprises approximately 34.8% of Atmos Capital Gestao DE Recursos LTDA.’s portfolio, making the stock its largest holding. Atmos Capital Gestao DE Recursos LTDA.’s holdings in NU were worth $264,756,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NU. LOM Asset Management Ltd purchased a new stake in shares of NU in the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd boosted its position in shares of NU by 14,810.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock valued at $25,000 after acquiring an additional 1,481 shares during the last quarter. Cornerstone Planning Group LLC grew its holdings 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 worth $27,000 after purchasing an additional 1,580 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of NU during the fourth quarter worth about $27,000. Finally, Morse Asset Management Inc bought a new position in shares of NU in the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Trading Down 1.2%

NU stock opened at $12.73 on Friday. The company has a market capitalization of $61.83 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 0.51 and a beta of 0.95. 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 Holdings Ltd. has a one year low of $11.20 and a one year high of $18.98. The company’s 50 day moving average price is $13.46 and its two-hundred day moving average price is $15.27.

NU (NYSE:NU) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NU had a net margin of 18.20% and a return on equity of 30.91%. The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.06 billion. As a group, analysts predict that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.

NU announced that its Board of Directors has authorized a stock repurchase plan on Thursday, June 4th that authorizes the company to buyback $0.00 in 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.

Insider Buying and Selling at NU

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. The trade was a 11.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anita M. Sands sold 21,000 shares of the company’s stock in a transaction dated 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 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. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on NU. Weiss Ratings downgraded shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Zacks Research cut shares of NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. CICC Research started coverage on shares of NU in a report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price target on the stock. Itau BBA Securities restated an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. Finally, Bank of America reaffirmed an “underperform” rating on shares of NU in a report on Tuesday, June 2nd. Nine analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.08.

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.