Donaldson Capital Management LLC Purchases Shares of 503,548 Nu Holdings Ltd. $NU

Donaldson Capital Management LLC acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 503,548 shares of the company’s stock, valued at approximately $8,429,000.

Several other large investors also recently made changes to their positions in the company. VSM Wealth Advisory LLC raised its stake in NU by 1,000.0% during the 3rd 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. Allworth Financial LP grew its stake in NU by 36.1% in the third quarter. Allworth Financial LP now owns 3,488 shares of the company’s stock valued at $56,000 after acquiring an additional 926 shares during the period. EverSource Wealth Advisors LLC grew its stake in NU by 63.5% in the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after acquiring an additional 1,464 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of NU by 22.3% during 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 in the last quarter. Finally, Activest Wealth Management increased its holdings in shares of NU by 743.6% during the third quarter. Activest Wealth Management now owns 6,285 shares of the company’s stock valued at $101,000 after acquiring an additional 5,540 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Trading Up 0.1%

Shares of NU stock opened at $13.62 on Monday. The stock has a fifty day simple moving average of $16.10 and a 200 day simple moving average of $16.17. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $18.98. The company has a market capitalization of $65.61 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 0.53 and a beta of 1.11. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.39.

NU (NYSE:NU) last issued its quarterly earnings data 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. The business had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.55 billion. NU had a return on equity of 30.68% and a net margin of 18.19%. On average, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NU has been the topic of a number of recent research reports. Susquehanna increased their target price on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday, January 27th. Zacks Research lowered shares of NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Itau BBA Securities restated an “outperform” rating on shares of NU in a report on Tuesday, March 17th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $21.00 price objective on shares of NU in a research note on Thursday, December 18th. Finally, Bank of America reiterated a “neutral” rating on shares of NU in a report on Monday, March 9th. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.26.

Insider Buying and Selling

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of NU stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the transaction, the chief executive officer owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. This trade represents a 11.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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.