Triglav Investments D.O.O. Purchases 38,247 Shares of Nu Holdings Ltd. $NU

Triglav Investments D.O.O. increased its position in Nu Holdings Ltd. (NYSE:NU) by 76.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,247 shares of the company’s stock after purchasing an additional 38,247 shares during the quarter. Triglav Investments D.O.O.’s holdings in NU were worth $1,477,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. LOM Asset Management Ltd bought a new stake in NU during the 4th quarter valued at $25,000. Cornerstone Planning Group LLC boosted its position in NU by 5,448.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock valued at $27,000 after acquiring an additional 1,580 shares in the last quarter. Morse Asset Management Inc bought a new stake in NU during the 4th quarter valued at $31,000. Fifth Third Bancorp boosted its position in NU by 433.0% during the 4th quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock valued at $33,000 after acquiring an additional 1,615 shares in the last quarter. Finally, VSM Wealth Advisory LLC boosted its position in NU by 1,000.0% during the 3rd quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company’s stock valued at $53,000 after acquiring an additional 3,000 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on NU shares. CICC Research started coverage on NU in a research report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price on the stock. Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. UBS Group lowered their price objective on NU from $18.10 to $16.90 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Zacks Research cut NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Bank of America reissued a “neutral” rating on shares of NU in a research report on Monday, March 9th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.39.

NU Stock Performance

NYSE NU opened at $13.15 on Friday. The stock has a 50-day simple moving average of $14.00 and a two-hundred day simple moving average of $15.66. The firm has a market capitalization of $63.83 billion, a P/E ratio of 20.22, a PEG ratio of 0.52 and a beta of 1.01. Nu Holdings Ltd. has a fifty-two week low of $11.71 and a fifty-two 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.

NU (NYSE:NU) last announced its quarterly 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 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. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.

Insider Activity at NU

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the company’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 transaction, the chief executive officer directly owned 2,312,338 shares in the company, valued at $34,245,725.78. This represents a 11.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anita M. Sands sold 21,000 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $12.24, for a total value of $257,040.00. Following the completion of the sale, the director owned 162,150 shares in the company, valued at approximately $1,984,716. The trade was a 11.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is currently owned by company insiders.

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.