Nu Holdings Ltd. $NU Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC cut its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 4.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,075,844 shares of the company’s stock after selling 95,489 shares during the period. Exchange Traded Concepts LLC’s holdings in NU were worth $34,750,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Jordan Park Group LLC increased its stake in shares of NU by 129.3% during the third quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock worth $31,000 after purchasing an additional 1,104,421 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in 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 buying an additional 1,464 shares in the last quarter. VSM Wealth Advisory LLC boosted its holdings in NU by 1,000.0% in the 3rd quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company’s stock worth $53,000 after buying an additional 3,000 shares during the last quarter. Allworth Financial LP increased its stake in NU by 36.1% during the 3rd quarter. Allworth Financial LP now owns 3,488 shares of the company’s stock worth $56,000 after buying an additional 926 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in 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 buying an additional 802 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Price Performance

NU stock opened at $13.62 on Friday. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $18.98. 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 firm has a market capitalization of $65.61 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 0.55 and a beta of 1.11. The business has a 50 day simple moving average of $16.10 and a 200-day simple moving average of $16.16.

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

Insider Activity at NU

In other news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of NU stock in a transaction on 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 transaction, the chief executive officer owned 2,312,338 shares in the company, valued at $34,245,725.78. The trade was a 11.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NU shares. The Goldman Sachs Group restated a “buy” rating and issued a $21.00 target price on shares of NU in a research report on Thursday, December 18th. Santander raised NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. Bank of America restated a “neutral” rating on shares of NU in a report on Monday, March 9th. Weiss Ratings raised shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Finally, UBS Group upgraded shares of NU from a “neutral” rating to a “buy” rating and increased their target price for the company from $17.20 to $17.60 in a research report on Thursday, March 19th. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $18.26.

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.