Calamos Advisors LLC Makes New $685,000 Investment in Nu Holdings Ltd. $NU

Calamos Advisors LLC bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,900 shares of the company’s stock, valued at approximately $685,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NU. LOM Asset Management Ltd acquired a new position in NU during the fourth quarter worth about $25,000. Jordan Park Group LLC grew its position in NU by 129.3% during the third quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock worth $31,000 after buying an additional 1,104,421 shares during the period. EverSource Wealth Advisors LLC grew its position in NU by 63.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock worth $52,000 after buying an additional 1,464 shares during the period. VSM Wealth Advisory LLC grew its position in NU by 1,000.0% during the third quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company’s stock worth $53,000 after buying an additional 3,000 shares during the period. Finally, Allworth Financial LP grew its position in NU by 36.1% during the third quarter. Allworth Financial LP now owns 3,488 shares of the company’s stock worth $56,000 after buying an additional 926 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Price Performance

NU opened at $14.68 on Tuesday. The company’s 50 day simple moving average is $14.88 and its 200 day simple moving average is $16.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.58. Nu Holdings Ltd. has a 1 year low of $11.71 and a 1 year high of $18.98. The stock has a market capitalization of $71.26 billion, a PE ratio of 25.30, a P/E/G ratio of 0.59 and a beta of 1.10.

NU (NYSE:NU) last released its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. NU had a net margin of 18.19% and a return on equity of 30.68%. The business had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.55 billion. As a group, sell-side analysts expect that Nu Holdings Ltd. will post 0.84 EPS for the current year.

Insider Activity

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 2,312,338 shares of the company’s stock, valued at approximately $34,245,725.78. This trade represents a 11.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Analysts Set New Price Targets

Several research analysts have weighed in on NU shares. Susquehanna upped their target price on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research report on Tuesday, January 27th. CICC Research assumed coverage on shares of NU in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price target on the stock. Zacks Research cut shares of NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Weiss Ratings upgraded NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Finally, UBS Group raised NU from a “neutral” rating to a “buy” rating and upped their target price for the company from $17.20 to $17.60 in a research note on Thursday, March 19th. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.46.

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.