Partners Group Holding AG Decreases Stock Position in Nu Holdings Ltd. $NU

Partners Group Holding AG lowered its stake in Nu Holdings Ltd. (NYSE:NU) by 97.0% during the 4th quarter, Holdings Channel reports. The firm owned 145,202 shares of the company’s stock after selling 4,651,484 shares during the quarter. Partners Group Holding AG’s holdings in NU were worth $2,431,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Maxi Investments CY Ltd increased its holdings in shares of NU by 85.5% in the 4th quarter. Maxi Investments CY Ltd now owns 783,000 shares of the company’s stock worth $13,107,000 after buying an additional 361,000 shares during the last quarter. C WorldWide Group Holding A S increased its holdings in shares of NU by 1,045.3% in the 4th quarter. C WorldWide Group Holding A S now owns 311,792 shares of the company’s stock worth $5,219,000 after buying an additional 284,569 shares during the last quarter. Washington University increased its holdings in shares of NU by 1.5% in the 3rd quarter. Washington University now owns 10,566,927 shares of the company’s stock worth $169,177,000 after buying an additional 158,731 shares during the last quarter. Mawer Investment Management Ltd. bought a new stake in shares of NU in the 3rd quarter worth about $10,829,000. Finally, WCM Investment Management LLC increased its holdings in shares of NU by 0.9% in the 3rd quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock worth $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.

NU Stock Performance

Shares of NYSE:NU opened at $12.28 on Wednesday. The company has a market capitalization of $59.60 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 0.50 and a beta of 1.01. Nu Holdings Ltd. has a 12 month low of $11.71 and a 12 month high of $18.98. The firm’s 50-day moving average is $14.22 and its 200 day moving average is $15.83. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on NU. UBS Group upgraded shares of NU from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $17.20 to $17.60 in a report on Thursday, March 19th. Bank of America restated a “neutral” rating on shares of NU in a report on Monday, March 9th. Susquehanna boosted their target price on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday, January 27th. Weiss Ratings downgraded shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Finally, Itau BBA Securities restated an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.46.

Insider Activity

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were 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 approximately $34,245,725.78. This represents a 11.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Anita M. Sands sold 21,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $12.24, for a total transaction of $257,040.00. Following the transaction, the director owned 162,150 shares in the company, valued at $1,984,716. The trade was a 11.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

NU 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.