Allen Investment Management LLC Has $68.83 Million Stock Holdings in Nu Holdings Ltd. $NU

Allen Investment Management LLC raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,111,637 shares of the company’s stock after purchasing an additional 76,340 shares during the quarter. Allen Investment Management LLC’s holdings in NU were worth $68,829,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of NU during the 4th quarter worth about $763,792,000. Lone Pine Capital LLC bought a new position in NU during the 3rd quarter worth approximately $406,757,000. Jennison Associates LLC grew its holdings in NU by 82.6% during the fourth quarter. Jennison Associates LLC now owns 39,370,791 shares of the company’s stock valued at $659,067,000 after purchasing an additional 17,809,644 shares during the period. Marshall Wace LLP grew its holdings in NU by 98.4% during the third quarter. Marshall Wace LLP now owns 29,141,505 shares of the company’s stock valued at $466,555,000 after purchasing an additional 14,449,834 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in NU by 276.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 18,416,144 shares of the company’s stock worth $294,842,000 after buying an additional 13,529,278 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Insider Activity

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the business’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 in the company, valued at $34,245,725.78. The trade was a 11.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Anita M. Sands sold 21,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director owned 162,150 shares of the company’s stock, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Analysts Set New Price Targets

A number of research analysts have issued reports on NU shares. CICC Research initiated coverage on NU in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 target price for the company. Zacks Research lowered NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Bank of America restated a “neutral” rating on shares of NU in a report on Monday, March 9th. Weiss Ratings downgraded NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Finally, UBS Group cut their target price on NU from $18.10 to $16.90 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, NU has an average rating of “Moderate Buy” and a consensus price target of $18.39.

NU Trading Down 1.3%

Shares of NYSE:NU opened at $12.97 on Tuesday. Nu Holdings Ltd. has a 52-week low of $11.71 and a 52-week 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 company has a market capitalization of $62.95 billion, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 0.52 and a beta of 0.95. The company has a 50-day simple moving average of $13.98 and a 200 day simple moving average of $15.64.

NU (NYSE:NU) last posted its earnings results 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). The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. Sell-side analysts forecast that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.

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.