Atomi Financial Group Inc. Acquires 3,858 Shares of Nu Holdings Ltd. (NYSE:NU)

Atomi Financial Group Inc. raised its holdings in Nu Holdings Ltd. (NYSE:NU) by 5.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 79,474 shares of the company’s stock after buying an additional 3,858 shares during the quarter. Atomi Financial Group Inc.’s holdings in NU were worth $948,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. WCM Investment Management LLC boosted its position in shares of NU by 1,157.4% during the first quarter. WCM Investment Management LLC now owns 99,965,627 shares of the company’s stock valued at $1,192,590,000 after purchasing an additional 92,015,719 shares in the last quarter. Baillie Gifford & Co. raised its stake in NU by 47.6% during the first quarter. Baillie Gifford & Co. now owns 169,450,124 shares of the company’s stock valued at $2,021,540,000 after buying an additional 54,681,625 shares during the last quarter. Sands Capital Management LLC raised its stake in NU by 92.7% during the fourth quarter. Sands Capital Management LLC now owns 85,220,661 shares of the company’s stock valued at $709,888,000 after buying an additional 40,992,413 shares during the last quarter. Jennison Associates LLC raised its stake in NU by 160.9% during the fourth quarter. Jennison Associates LLC now owns 65,813,072 shares of the company’s stock valued at $548,223,000 after buying an additional 40,584,189 shares during the last quarter. Finally, Capital Research Global Investors raised its stake in NU by 20.7% during the fourth quarter. Capital Research Global Investors now owns 175,197,344 shares of the company’s stock valued at $1,459,403,000 after buying an additional 30,002,685 shares during the last quarter. 80.90% of the stock is currently owned by institutional investors.

NU Stock Performance

NU stock traded down $0.01 during trading on Monday, reaching $13.40. The stock had a trading volume of 11,031,280 shares, compared to its average volume of 28,902,729. Nu Holdings Ltd. has a 52 week low of $6.61 and a 52 week high of $13.59. The stock’s 50 day moving average is $12.09 and its two-hundred day moving average is $11.02. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.21. The firm has a market cap of $63.86 billion, a PE ratio of 51.58, a PEG ratio of 0.63 and a beta of 1.14.

NU (NYSE:NU) last posted its earnings results on Tuesday, May 14th. The company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. NU had a return on equity of 22.94% and a net margin of 13.86%. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.58 billion. As a group, equities analysts anticipate that Nu Holdings Ltd. will post 0.41 earnings per share for the current year.

Analyst Ratings Changes

NU has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their price objective on NU from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday. Susquehanna lifted their price objective on NU from $12.00 to $14.00 and gave the company a “positive” rating in a research note on Wednesday, May 15th. Jefferies Financial Group lifted their price objective on NU from $10.80 to $15.20 and gave the company a “buy” rating in a research note on Monday, June 24th. Barclays started coverage on NU in a research note on Wednesday, June 26th. They issued an “overweight” rating and a $15.00 price target for the company. Finally, KeyCorp upped their price target on NU from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $12.23.

NU Company Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.