Pathfinder Wealth Consulting Inc. Takes Position in Nu Holdings Ltd. $NU

Pathfinder Wealth Consulting Inc. bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 41,400 shares of the company’s stock, valued at approximately $693,000.

Several other large investors have also made changes to their positions in the company. Baillie Gifford & Co. lifted its position in NU by 2.3% during the 4th quarter. Baillie Gifford & Co. now owns 257,256,952 shares of the company’s stock valued at $4,306,481,000 after purchasing an additional 5,797,365 shares during the period. State Street Corp grew its position in shares of NU by 0.3% during the 3rd quarter. State Street Corp now owns 91,478,395 shares of the company’s stock worth $1,464,569,000 after buying an additional 239,660 shares during the period. WCM Investment Management LLC grew its position in shares of NU by 0.9% during the 3rd quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock worth $1,187,935,000 after buying an additional 659,526 shares during the period. Jennison Associates LLC raised its stake in shares of NU by 82.6% during the fourth quarter. Jennison Associates LLC now owns 39,370,791 shares of the company’s stock worth $659,067,000 after buying an additional 17,809,644 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of NU by 5.0% during the third quarter. Legal & General Group Plc now owns 30,176,407 shares of the company’s stock worth $483,124,000 after buying an additional 1,430,827 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

Insider Buying and Selling at NU

In other NU 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 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. The trade was a 11.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anita M. Sands sold 21,000 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $12.24, for a total value of $257,040.00. Following the completion of the sale, the director owned 162,150 shares of the company’s stock, valued at $1,984,716. This trade represents a 11.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.20% of the company’s stock.

NU Stock Down 3.2%

Shares of NYSE:NU opened at $12.74 on Friday. 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 0.36, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market capitalization of $61.84 billion, a PE ratio of 19.59, a PEG ratio of 0.51 and a beta of 1.01. The company has a 50 day moving average price of $14.11 and a two-hundred day moving average price of $15.77.

NU (NYSE:NU) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NU had a return on equity of 30.91% and a net margin of 18.20%.The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.06 billion. Analysts forecast that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NU shares. CICC Research began coverage on shares of NU in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price objective on the stock. Susquehanna increased their price target on NU from $19.00 to $22.00 and gave the company a “positive” rating in a research note on Tuesday, January 27th. Zacks Research lowered NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. UBS Group decreased their price objective on NU from $18.10 to $16.90 and set a “buy” rating for the company in a research note on Wednesday. Finally, Bank of America reiterated a “neutral” rating on shares of NU in a report on Monday, March 9th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and an average price target of $18.39.

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.