Nu Holdings Ltd. $NU Shares Purchased by WCM Investment Management LLC

WCM Investment Management LLC increased its holdings in Nu Holdings Ltd. (NYSE:NU) by 0.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 74,478,698 shares of the company’s stock after acquiring an additional 659,526 shares during the period. NU makes up about 2.5% of WCM Investment Management LLC’s holdings, making the stock its 14th largest holding. WCM Investment Management LLC owned approximately 1.55% of NU worth $1,187,935,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of NU by 2.4% during the 2nd quarter. State Street Corp now owns 91,238,735 shares of the company’s stock worth $1,251,795,000 after purchasing an additional 2,158,037 shares during the period. Sands Capital Management LLC lifted its position in NU by 5.9% in the second quarter. Sands Capital Management LLC now owns 54,504,428 shares of the company’s stock valued at $747,801,000 after buying an additional 3,060,463 shares during the last quarter. Norges Bank purchased a new position in NU during the second quarter worth about $626,569,000. Jennison Associates LLC boosted its stake in NU by 38.1% during the second quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock worth $575,728,000 after buying an additional 11,567,865 shares during the period. Finally, Legal & General Group Plc increased its position in shares of NU by 0.7% during the second quarter. Legal & General Group Plc now owns 28,745,580 shares of the company’s stock valued at $394,389,000 after acquiring an additional 194,423 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Up 1.9%

NU stock opened at $18.09 on Tuesday. The firm has a market capitalization of $87.18 billion, a P/E ratio of 35.48, a P/E/G ratio of 0.58 and a beta of 1.08. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $18.98. The stock’s fifty day simple moving average is $17.13 and its 200-day simple moving average is $15.57.

NU (NYSE:NU) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. NU had a return on equity of 30.12% and a net margin of 17.97%.The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $3.96 billion. As a group, equities analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on NU shares. Santander upgraded shares of NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. Weiss Ratings reissued a “hold (c)” rating on shares of NU in a research report on Wednesday, October 8th. The Goldman Sachs Group restated a “buy” rating and set a $21.00 price target on shares of NU in a research report on Thursday, December 18th. Zacks Research raised NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. Finally, Susquehanna increased their target price on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $18.34.

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.