Rathbones Group PLC Purchases 45,557 Shares of Nu Holdings Ltd. $NU

Rathbones Group PLC lifted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 30.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 194,281 shares of the company’s stock after acquiring an additional 45,557 shares during the quarter. Rathbones Group PLC’s holdings in NU were worth $3,252,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jordan Park Group LLC lifted its holdings in NU by 129.3% during the 3rd quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock worth $31,000 after purchasing an additional 1,104,421 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in NU by 63.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock worth $52,000 after purchasing an additional 1,464 shares in the last quarter. VSM Wealth Advisory LLC lifted its holdings 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 purchasing an additional 3,000 shares in the last quarter. Allworth Financial LP lifted its holdings in NU by 36.1% during the 3rd quarter. Allworth Financial LP now owns 3,488 shares of the company’s stock worth $56,000 after purchasing an additional 926 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in NU by 22.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,394 shares of the company’s stock worth $74,000 after purchasing an additional 802 shares in the last quarter. 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 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 completion of the sale, the chief executive officer directly owned 2,312,338 shares in the company, valued at $34,245,725.78. The trade was a 11.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on NU. The Goldman Sachs Group reissued a “buy” rating and set a $21.00 price objective on shares of NU in a report on Thursday, December 18th. Bank of America reissued a “neutral” rating on shares of NU in a report on Monday, March 9th. Itau BBA Securities reissued an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Zacks Research cut NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, UBS Group raised NU from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $17.20 to $17.60 in a report on Thursday, March 19th. Twelve equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, NU currently has an average rating of “Moderate Buy” and a consensus target price of $18.26.

NU Stock Performance

NYSE:NU opened at $14.10 on Wednesday. The business’s 50-day moving average price is $15.61 and its two-hundred day moving average price is $16.09. Nu Holdings Ltd. has a twelve month low of $9.75 and a twelve month high of $18.98. The stock has a market cap of $67.92 billion, a P/E ratio of 24.30, a PEG ratio of 0.55 and a beta of 1.10. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.39.

NU (NYSE:NU) last announced its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. NU had a net margin of 18.19% and a return on equity of 30.68%. The business 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 EPS for the current fiscal year.

NU Company 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.