DiNuzzo Private Wealth Inc. Invests $2.01 Million in Nu Holdings Ltd. $NU

DiNuzzo Private Wealth Inc. bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 120,000 shares of the company’s stock, valued at approximately $2,009,000.

Several other institutional investors have also bought and sold shares of the stock. VSM Wealth Advisory LLC raised its stake in NU by 1,000.0% during the third 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 in the last quarter. Allworth Financial LP boosted its stake in shares of NU by 36.1% in the 3rd quarter. Allworth Financial LP now owns 3,488 shares of the company’s stock valued at $56,000 after purchasing an additional 926 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of NU by 63.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after purchasing an additional 1,464 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of NU by 22.3% in 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 during the last quarter. Finally, Activest Wealth Management grew its holdings in shares of NU by 743.6% in the 3rd quarter. Activest Wealth Management now owns 6,285 shares of the company’s stock worth $101,000 after purchasing an additional 5,540 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

Insider Activity at NU

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, 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 document filed with the SEC, which is available at the SEC website. 1.20% of the stock is owned by company insiders.

NU Stock Up 0.5%

Shares of NYSE NU opened at $14.45 on Thursday. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $18.98. The firm’s 50-day simple moving average is $15.93 and its 200 day simple moving average is $16.14. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. The company has a market cap of $69.61 billion, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10.

NU (NYSE:NU) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 earnings per share 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 during the quarter, compared to analysts’ expectations of $4.55 billion. On average, research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NU shares. Bank of America reissued a “neutral” rating on shares of NU in a report on Monday, March 9th. Zacks Research lowered shares of NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. The Goldman Sachs Group reiterated a “buy” rating and issued a $21.00 target price on shares of NU in a research note on Thursday, December 18th. Susquehanna boosted their target price on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday, January 27th. Finally, Itau BBA Securities restated an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, NU currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.26.

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.