Perpetual Ltd Has $46.66 Million Stock Position in Nu Holdings Ltd. $NU

Perpetual Ltd lifted its position in Nu Holdings Ltd. (NYSE:NU) by 110.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,787,570 shares of the company’s stock after acquiring an additional 1,464,387 shares during the period. Perpetual Ltd owned about 0.06% of NU worth $46,664,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. VSM Wealth Advisory LLC boosted its stake 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 purchasing an additional 3,000 shares during the period. Allworth Financial LP raised its stake in NU by 36.1% during 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 during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of NU by 63.5% in the second 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 boosted its position in shares of NU by 22.3% in the fourth 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 during the period. Finally, Activest Wealth Management boosted its position in shares of NU by 743.6% in the third quarter. Activest Wealth Management now owns 6,285 shares of the company’s stock worth $101,000 after buying an additional 5,540 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Insider Activity

In related news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of NU stock in a transaction 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 approximately $34,245,725.78. The trade was a 11.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. The Goldman Sachs Group reissued a “buy” rating and set a $21.00 price target on shares of NU in a research report on Thursday, December 18th. Susquehanna raised their price objective on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research report on Tuesday, January 27th. UBS Group raised NU from a “neutral” rating to a “buy” rating and lifted their target price for the company from $17.20 to $17.60 in a research note on Thursday, March 19th. Bank of America reiterated a “neutral” rating on shares of NU in a report on Monday, March 9th. Finally, Zacks Research lowered shares of NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $18.26.

NU Trading Up 0.0%

NYSE:NU opened at $14.15 on Friday. The company has a market capitalization of $68.20 billion, a P/E ratio of 24.40, a P/E/G ratio of 0.55 and a beta of 1.10. The stock’s 50 day moving average price is $15.78 and its 200 day moving average price is $16.11. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.56 and a current ratio of 0.58. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $18.98.

NU (NYSE:NU) last posted its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.