Donaldson Capital Management LLC Makes New $8.43 Million Investment in Nu Holdings Ltd. $NU

Donaldson Capital Management LLC bought a new stake in shares of Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 503,548 shares of the company’s stock, valued at approximately $8,429,000.

Other hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised 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 purchasing an additional 802 shares during the period. Verdence Capital Advisors LLC boosted its holdings in NU by 1.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 44,508 shares of the company’s stock worth $712,000 after buying an additional 804 shares during the period. Canvas Wealth Advisors LLC grew its stake in NU by 4.9% in the 3rd quarter. Canvas Wealth Advisors LLC now owns 19,087 shares of the company’s stock valued at $292,000 after buying an additional 900 shares in the last quarter. Covestor Ltd grew its stake in NU by 8.2% in the 3rd quarter. Covestor Ltd now owns 12,194 shares of the company’s stock valued at $195,000 after buying an additional 919 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in NU by 36.1% during the 3rd 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. 84.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NU shares. Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Bank of America reiterated a “neutral” rating on shares of NU in a research note on Monday, March 9th. 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. The Goldman Sachs Group restated a “buy” rating and issued a $21.00 target price on shares of NU in a research note on Thursday, December 18th. Finally, Santander raised NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, NU has an average rating of “Moderate Buy” and a consensus price target of $18.26.

NU Stock Performance

NYSE NU opened at $13.62 on Monday. The company’s 50 day simple moving average is $16.10 and its two-hundred day simple moving average is $16.17. 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 Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $18.98. The stock has a market capitalization of $65.61 billion, a PE ratio of 23.47, a P/E/G ratio of 0.53 and a beta of 1.11.

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

Insider Buying and Selling

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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.