Pathfinder Wealth Consulting Inc. Invests $693,000 in Nu Holdings Ltd. $NU

Pathfinder Wealth Consulting Inc. acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the fourth quarter, HoldingsChannel reports. The firm acquired 41,400 shares of the company’s stock, valued at approximately $693,000.

Other institutional investors have also added to or reduced their stakes in the company. LOM Asset Management Ltd acquired a new position in NU in the 4th quarter worth $25,000. Cornerstone Planning Group LLC raised its stake in shares of NU by 5,448.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock valued at $27,000 after purchasing an additional 1,580 shares during the period. Jordan Park Group LLC lifted its holdings in shares of NU by 129.3% in the third quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock valued at $31,000 after purchasing an additional 1,104,421 shares in the last quarter. Morse Asset Management Inc bought a new stake in shares of NU in the fourth quarter valued at about $31,000. Finally, Fifth Third Bancorp boosted its position in shares of NU by 433.0% during the fourth quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock worth $33,000 after buying an additional 1,615 shares during the period. 84.02% of the stock is owned by institutional investors.

NU Stock Down 3.2%

NYSE:NU opened at $12.74 on Friday. The firm has a market capitalization of $61.84 billion, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 0.51 and a beta of 1.01. Nu Holdings Ltd. has a twelve month low of $11.71 and a twelve month high of $18.98. The stock’s 50 day moving average price is $14.11 and its two-hundred day moving average price is $15.77. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.36.

NU (NYSE:NU) last released its quarterly earnings data on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). NU had a net margin of 18.20% and a return on equity of 30.91%. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.06 billion. Equities research analysts expect that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NU shares. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a report on Tuesday, March 17th. CICC Research assumed coverage on NU in a research report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price target for the company. Susquehanna raised their price target on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research note on Tuesday, January 27th. Bank of America reiterated a “neutral” rating on shares of NU in a report on Monday, March 9th. Finally, Zacks Research lowered shares of NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $18.39.

Insider Buying and Selling at NU

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the 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 completion of the sale, the chief executive officer owned 2,312,338 shares in the company, valued at $34,245,725.78. This trade represents a 11.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $12.24, for a total transaction of $257,040.00. Following the transaction, the director owned 162,150 shares in the company, valued at $1,984,716. This represents a 11.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.20% of the company’s stock.

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.