AMS Capital Ltda Has $30.91 Million Stake in Nu Holdings Ltd. $NU

AMS Capital Ltda grew its holdings in Nu Holdings Ltd. (NYSE:NU) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,846,332 shares of the company’s stock after acquiring an additional 53,779 shares during the quarter. NU accounts for approximately 12.0% of AMS Capital Ltda’s investment portfolio, making the stock its 5th biggest position. AMS Capital Ltda’s holdings in NU were worth $30,908,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Sowell Financial Services LLC boosted 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 valued at $217,000 after acquiring an additional 599 shares during the period. Euro Pacific Asset Management LLC boosted 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 valued at $3,642,000 after acquiring an additional 708 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of NU by 22.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,394 shares of the company’s stock valued at $74,000 after acquiring an additional 802 shares during the period. Verdence Capital Advisors LLC boosted its position in shares of NU by 1.8% in the third quarter. Verdence Capital Advisors LLC now owns 44,508 shares of the company’s stock valued at $712,000 after acquiring an additional 804 shares during the period. Finally, Canvas Wealth Advisors LLC boosted its position in shares of NU by 4.9% in the third quarter. Canvas Wealth Advisors LLC now owns 19,087 shares of the company’s stock valued at $292,000 after acquiring an additional 900 shares during the period. Institutional investors own 84.02% of the company’s stock.

Insider Activity

In other news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $14.81, for a total value of $4,443,000.00. Following the completion of the transaction, the chief executive officer owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. This represents a 11.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by corporate insiders.

NU Trading Down 1.2%

NU opened at $14.10 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $67.92 billion, a price-to-earnings ratio of 24.30, a P/E/G ratio of 0.55 and a beta of 1.10. Nu Holdings Ltd. has a twelve month low of $9.75 and a twelve month high of $18.98. The company has a 50-day simple moving average of $15.61 and a 200 day simple moving average of $16.09.

NU (NYSE:NU) last issued its earnings results on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. NU had a return on equity of 30.68% and a net margin of 18.19%.The firm had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.55 billion. Analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NU. Bank of America reaffirmed a “neutral” rating on shares of NU in a research report on Monday, March 9th. Susquehanna upped their price objective 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. The Goldman Sachs Group reaffirmed a “buy” rating and set a $21.00 price objective on shares of NU in a research report on Thursday, December 18th. Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. Finally, Weiss Ratings raised shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.26.

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.