Mizuho Markets Cayman LP acquired a new position in Nu Holdings Ltd. (NYSE:NU – Free Report) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 577,977 shares of the company’s stock, valued at approximately $9,675,000. NU accounts for about 0.5% of Mizuho Markets Cayman LP’s investment portfolio, making the stock its 28th biggest holding.
Several other institutional investors also recently modified their holdings of the stock. Sowell Financial Services LLC increased its position in shares of NU by 4.8% in the fourth quarter. Sowell Financial Services LLC now owns 12,952 shares of the company’s stock worth $217,000 after purchasing an additional 599 shares during the last quarter. MBM Wealth Consultants LLC increased its position in shares of NU by 1.2% in the fourth quarter. MBM Wealth Consultants LLC now owns 50,284 shares of the company’s stock worth $842,000 after purchasing an additional 607 shares during the last quarter. Cornerstone Wealth Group LLC increased its position in shares of NU by 1.2% in the fourth quarter. Cornerstone Wealth Group LLC now owns 51,724 shares of the company’s stock worth $866,000 after purchasing an additional 621 shares during the last quarter. Euro Pacific Asset Management LLC increased its position in shares of NU by 0.3% in the fourth quarter. Euro Pacific Asset Management LLC now owns 233,618 shares of the company’s stock worth $3,642,000 after purchasing an additional 708 shares during the last quarter. Finally, Wisconsin Capital Management LLC boosted its stake in NU by 1.1% in the fourth quarter. Wisconsin Capital Management LLC now owns 68,284 shares of the company’s stock worth $1,143,000 after buying an additional 737 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.
Insider Buying and Selling at NU
In other NU news, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’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 transaction, the chief executive officer directly owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. This represents a 11.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.20% of the company’s stock.
Wall Street Analyst Weigh In
NU Stock Performance
Shares of NU stock opened at $12.74 on Friday. The stock has a fifty day moving average of $14.11 and a 200 day moving average of $15.77. Nu Holdings Ltd. has a 52 week low of $11.71 and a 52 week high of $18.98. The firm has a market capitalization of $61.84 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 0.53 and a beta of 1.01. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.36.
NU (NYSE:NU – Get Free Report) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. As a group, research analysts expect 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.
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