Toth Financial Advisory Corp Acquires 50,000 Shares of Nu Holdings Ltd. $NU

Toth Financial Advisory Corp raised its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 3,289.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,520 shares of the company’s stock after buying an additional 50,000 shares during the quarter. Toth Financial Advisory Corp’s holdings in NU were worth $862,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. State Street Corp lifted its position in NU by 0.3% in the 3rd quarter. State Street Corp now owns 91,478,395 shares of the company’s stock valued at $1,464,569,000 after acquiring an additional 239,660 shares in the last quarter. WCM Investment Management LLC raised its position in 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. Legal & General Group Plc raised its position in NU by 5.0% in the 3rd quarter. Legal & General Group Plc now owns 30,176,407 shares of the company’s stock worth $483,124,000 after buying an additional 1,430,827 shares during the last quarter. Marshall Wace LLP lifted its stake in NU by 98.4% during the 3rd quarter. Marshall Wace LLP now owns 29,141,505 shares of the company’s stock valued at $466,555,000 after acquiring an additional 14,449,834 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of NU by 5.0% during the 3rd quarter. Northern Trust Corp now owns 28,211,448 shares of the company’s stock valued at $451,665,000 after acquiring an additional 1,333,207 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NU. Zacks Research cut shares of NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. UBS Group upgraded shares of NU from a “neutral” rating to a “buy” rating and boosted their target price for the company from $17.20 to $17.60 in a research note on Thursday, March 19th. The Goldman Sachs Group reissued a “buy” rating and set a $21.00 price target on shares of NU in a report on Thursday, December 18th. Finally, Susquehanna lifted their price objective on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday, January 27th. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.26.

NU Trading Up 0.0%

Shares of NU stock opened at $14.15 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.58 and a quick ratio of 0.56. The company has a market cap of $68.20 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 0.55 and a beta of 1.10. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $18.98. The firm has a fifty day moving average price of $15.78 and a 200-day moving average price of $16.11.

NU (NYSE:NU) last released its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, beating 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 company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.55 billion. As a group, equities analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Insider Transactions at NU

In other news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.

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.