Pekin Hardy Strauss Inc. acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,700 shares of the company’s stock, valued at approximately $648,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LOM Asset Management Ltd bought a new position in NU during the fourth quarter valued at approximately $25,000. VSM Wealth Advisory LLC lifted 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 valued at $53,000 after purchasing an additional 3,000 shares during the period. Allworth Financial LP lifted its position in NU by 36.1% during the third quarter. Allworth Financial LP now owns 3,488 shares of the company’s stock valued at $56,000 after purchasing an additional 926 shares during the period. EverSource Wealth Advisors LLC lifted 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 valued at $52,000 after purchasing an additional 1,464 shares during the period. Finally, Canton Hathaway LLC bought a new position in NU during the fourth quarter valued at approximately $67,000. Institutional investors own 84.02% of the company’s stock.
Insider Transactions at NU
In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of NU stock in a transaction 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 in the company, valued at approximately $34,245,725.78. The trade was a 11.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.
NU Stock Down 3.1%
NU (NYSE:NU – Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. The firm had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. Sell-side analysts expect that Nu Holdings Ltd. will post 0.84 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on NU. Zacks Research downgraded shares of NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. CICC Research began 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. Bank of America reiterated a “neutral” rating on shares of NU in a research report on Monday, March 9th. Susquehanna increased their price target 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. Finally, Itau BBA Securities reiterated an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.46.
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.
Further Reading
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