Toth Financial Advisory Corp Increases Stake in Nu Holdings Ltd. $NU

Toth Financial Advisory Corp lifted its holdings in Nu Holdings Ltd. (NYSE:NU) by 3,289.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 51,520 shares of the company’s stock after acquiring an additional 50,000 shares during the quarter. Toth Financial Advisory Corp’s holdings in NU were worth $862,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. VSM Wealth Advisory LLC boosted 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 valued at $53,000 after acquiring an additional 3,000 shares in the last quarter. Allworth Financial LP raised its position in shares of NU by 36.1% in the 3rd quarter. Allworth Financial LP now owns 3,488 shares of the company’s stock worth $56,000 after acquiring an additional 926 shares in the last quarter. EverSource Wealth Advisors LLC raised its position 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 worth $52,000 after acquiring an additional 1,464 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of 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 during the last quarter. Finally, Activest Wealth Management boosted its position in NU by 743.6% during the third quarter. Activest Wealth Management now owns 6,285 shares of the company’s stock valued at $101,000 after purchasing an additional 5,540 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NU shares. Zacks Research downgraded shares of NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Susquehanna raised their target price on shares of NU from $19.00 to $22.00 and gave the company a “positive” rating in a research note on Tuesday, January 27th. Weiss Ratings raised shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. UBS Group raised NU from a “neutral” rating to a “buy” rating and upped their price target for the stock from $17.20 to $17.60 in a research report on Thursday, March 19th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $21.00 price objective on shares of NU in a report on Thursday, December 18th. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.26.

NU Price Performance

Shares of NYSE NU opened at $14.15 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.58 and a quick ratio of 0.56. The stock has a market capitalization of $68.20 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 0.55 and a beta of 1.10. The firm’s 50 day simple moving average is $15.78 and its 200-day simple moving average is $16.11. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $18.98.

NU (NYSE:NU) last announced its quarterly earnings results 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. The firm had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.55 billion. NU had a return on equity of 30.68% and a net margin of 18.19%. Analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Insider Buying and Selling

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the stock in a transaction on 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 directly owned 2,312,338 shares of the company’s stock, valued at approximately $34,245,725.78. This represents a 11.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

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.