Madison Asset Management LLC Buys 40,973 Shares of Nu Holdings Ltd. $NU

Madison Asset Management LLC boosted its holdings in Nu Holdings Ltd. (NYSE:NU) by 44.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 133,218 shares of the company’s stock after acquiring an additional 40,973 shares during the quarter. Madison Asset Management LLC’s holdings in NU were worth $2,230,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. LOM Asset Management Ltd bought a new position in NU in the 4th quarter worth about $25,000. Cornerstone Planning Group LLC grew its position in NU by 5,448.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after acquiring an additional 1,580 shares during the last quarter. Morse Asset Management Inc bought a new position in NU during the 4th quarter worth approximately $31,000. Fifth Third Bancorp grew its position in NU by 433.0% during the 4th quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock worth $33,000 after acquiring an additional 1,615 shares during the last quarter. Finally, VSM Wealth Advisory LLC grew its position 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 acquiring an additional 3,000 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NU. Itau BBA Securities reiterated 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 note on Monday, March 9th. UBS Group upgraded NU from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $17.20 to $17.60 in a research note on Thursday, March 19th. Susquehanna upped their price objective on NU from $19.00 to $22.00 and gave the company a “positive” rating in a research report on Tuesday, January 27th. Finally, Zacks Research cut NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, NU has an average rating of “Moderate Buy” and an average target price of $18.46.

NU Stock Performance

NYSE:NU opened at $12.81 on Thursday. The stock has a 50-day simple moving average of $14.40 and a two-hundred day simple moving average of $15.93. Nu Holdings Ltd. has a 52-week low of $11.71 and a 52-week high of $18.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market capitalization of $62.18 billion, a PE ratio of 22.08, a P/E/G ratio of 0.54 and a beta of 1.01.

NU (NYSE:NU) last released 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 return on equity of 30.68% and a net margin of 18.19%.The business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.55 billion. Analysts forecast that Nu Holdings Ltd. will post 0.84 EPS for the current year.

Insider Buying and Selling at NU

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

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.