Nu Holdings Ltd. $NU Position Boosted by a16z Perennial Management L.P.

a16z Perennial Management L.P. raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 10.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,748,400 shares of the company’s stock after acquiring an additional 1,309,800 shares during the quarter. NU makes up 17.3% of a16z Perennial Management L.P.’s investment portfolio, making the stock its 2nd largest holding. a16z Perennial Management L.P.’s holdings in NU were worth $230,148,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Maxi Investments CY Ltd grew its stake in NU by 85.5% during the 4th quarter. Maxi Investments CY Ltd now owns 783,000 shares of the company’s stock valued at $13,107,000 after acquiring an additional 361,000 shares in the last quarter. C WorldWide Group Holding A S grew its stake in 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 valued at $5,219,000 after acquiring an additional 284,569 shares in the last quarter. Mawer Investment Management Ltd. purchased a new position in NU during the 3rd quarter valued at about $10,829,000. Vanguard Group Inc. grew its stake in NU by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 24,814,878 shares of the company’s stock valued at $415,401,000 after acquiring an additional 1,037,438 shares in the last quarter. Finally, WCM Investment Management LLC lifted its holdings in shares of NU by 0.9% during the 3rd quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock valued at $1,187,935,000 after buying an additional 659,526 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Insider Activity at NU

In related news, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 162,150 shares in the company, valued at approximately $1,984,716. The trade was a 11.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was 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 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 disclosure for this sale is available in the SEC filing.

NU Stock Up 0.1%

NU opened at $13.15 on Monday. The business has a 50 day moving average price of $14.00 and a 200 day moving average price of $15.66. Nu Holdings Ltd. has a twelve month low of $11.71 and a twelve month high of $18.98. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $63.83 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 0.52 and a beta of 0.95.

NU (NYSE:NU) last posted its earnings results on Friday, May 15th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). NU had a return on equity of 30.91% and a net margin of 18.20%.The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.06 billion. Research analysts forecast that Nu Holdings Ltd. will post 0.84 EPS for the current year.

Analyst Ratings Changes

NU has been the subject of several research reports. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a report on Tuesday, March 17th. CICC Research initiated coverage on NU in a report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price target for the company. Weiss Ratings lowered NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. UBS Group reduced their price target on NU from $18.10 to $16.90 and set a “buy” rating for the company in a report on Wednesday, May 20th. Finally, Zacks Research lowered NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and an average target price of $18.39.

About NU

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.