Diversify Wealth Management LLC Purchases Shares of 54,225 Nu Holdings Ltd. $NU

Diversify Wealth Management LLC acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 54,225 shares of the company’s stock, valued at approximately $761,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Maxi Investments CY Ltd boosted its position in shares of NU by 85.5% in the 4th quarter. Maxi Investments CY Ltd now owns 783,000 shares of the company’s stock valued at $13,107,000 after purchasing an additional 361,000 shares during the period. C WorldWide Group Holding A S raised its position in NU by 1,045.3% in the fourth quarter. C WorldWide Group Holding A S now owns 311,792 shares of the company’s stock worth $5,219,000 after acquiring an additional 284,569 shares in the last quarter. Vanguard Group Inc. boosted its holdings in NU by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 24,814,878 shares of the company’s stock worth $415,401,000 after buying an additional 1,037,438 shares in the last quarter. Genoa Capital Gestora de Recursos Ltda. acquired a new stake in NU in the fourth quarter valued at $3,869,000. Finally, Danske Bank A S increased its holdings in NU by 515.0% during the 4th quarter. Danske Bank A S now owns 5,074,732 shares of the company’s stock valued at $84,951,000 after acquiring an additional 4,249,632 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NU shares. Bank of America reissued an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. CICC Research started coverage on shares of NU in a research note on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price objective for the company. Scotiabank downgraded NU to a “sector perform” rating and set a $13.00 target price on the stock. in a report on Wednesday, June 3rd. UBS Group decreased their target price on shares of NU from $18.10 to $16.90 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Finally, Needham & Company LLC started coverage on NU in a report on Friday, June 26th. They set a “buy” rating and a $17.00 price objective on the stock. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, NU has an average rating of “Moderate Buy” and a consensus target price of $17.24.

Insider Activity at NU

In other NU news, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $12.24, for a total transaction of $257,040.00. Following the sale, the director directly owned 162,150 shares in the company, valued at approximately $1,984,716. The trade was a 11.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.20% of the company’s stock.

NU Stock Performance

Shares of NU opened at $13.78 on Friday. Nu Holdings Ltd. has a 1 year low of $11.20 and a 1 year high of $18.98. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market cap of $66.92 billion, a price-to-earnings ratio of 21.20, a price-to-earnings-growth ratio of 0.56 and a beta of 0.95. The firm has a fifty day moving average of $12.89 and a 200-day moving average of $14.79.

NU (NYSE:NU) last announced its quarterly earnings results 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 firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.06 billion. As a group, equities analysts anticipate that Nu Holdings Ltd. will post 0.83 earnings per share for the current year.

NU announced that its Board of Directors has authorized a share buyback program on Thursday, June 4th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

NU 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.