DiNuzzo Private Wealth Inc. Takes Position in Nu Holdings Ltd. $NU

DiNuzzo Private Wealth Inc. acquired a new position in Nu Holdings Ltd. (NYSE:NU) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 120,000 shares of the company’s stock, valued at approximately $2,009,000.

Several other large investors have also made changes to their positions in NU. VSM Wealth Advisory LLC grew its holdings in NU by 1,000.0% in the 3rd quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company’s stock valued at $53,000 after buying an additional 3,000 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of NU by 36.1% during the third quarter. Allworth Financial LP now owns 3,488 shares of the company’s stock worth $56,000 after buying an additional 926 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of 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 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. Finally, Activest Wealth Management grew its stake in shares of NU by 743.6% in the third quarter. Activest Wealth Management now owns 6,285 shares of the company’s stock worth $101,000 after acquiring an additional 5,540 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Up 0.5%

Shares of NU stock opened at $14.45 on Thursday. The stock has a market cap of $69.61 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $18.98. The stock has a fifty day moving average price of $15.93 and a 200 day moving average price of $16.14. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.58 and a quick ratio of 0.56.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on NU shares. Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. Bank of America restated a “neutral” rating on shares of NU in a research report on Monday, March 9th. Weiss Ratings upgraded shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Susquehanna increased their target price on shares of NU from $19.00 to $22.00 and gave the company a “positive” rating in a research note on Tuesday, January 27th. Finally, Santander raised NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.26.

Insiders Place Their Bets

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the company’s stock in a transaction dated 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 owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. The trade was a 11.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by insiders.

NU Profile

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.