Prospera Financial Services Inc Purchases New Stake in Nu Holdings Ltd. $NU

Prospera Financial Services Inc purchased a new stake in Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 103,806 shares of the company’s stock, valued at approximately $1,738,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Maxi Investments CY Ltd raised its holdings in NU by 85.5% in the fourth quarter. Maxi Investments CY Ltd now owns 783,000 shares of the company’s stock valued at $13,107,000 after acquiring an additional 361,000 shares in the last quarter. C WorldWide Group Holding A S raised its holdings 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 valued at $5,219,000 after acquiring an additional 284,569 shares in the last quarter. Washington University increased its stake in NU by 1.5% during the third quarter. Washington University now owns 10,566,927 shares of the company’s stock valued at $169,177,000 after purchasing an additional 158,731 shares during the last quarter. Mawer Investment Management Ltd. bought a new stake in NU during the third quarter valued at $10,829,000. Finally, Vanguard Group Inc. increased its stake in NU by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 24,814,878 shares of the company’s stock valued at $415,401,000 after purchasing an additional 1,037,438 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NU

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anita M. Sands sold 21,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $12.24, for a total transaction of $257,040.00. Following the completion of the sale, the director directly 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 disclosure for this sale is available in the SEC filing. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Weiss Ratings lowered shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. UBS Group lowered 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. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. CICC Research assumed coverage on shares of NU in a research note on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price for the company. Finally, Bank of America reiterated a “neutral” rating on shares of NU in a research note on Monday, March 9th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, NU currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.39.

NU Price Performance

Shares of NYSE NU opened at $13.05 on Thursday. Nu Holdings Ltd. has a twelve month low of $11.71 and a twelve month high of $18.98. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $63.34 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 0.52 and a beta of 1.01. The firm has a 50-day moving average of $14.04 and a two-hundred day moving average of $15.70.

NU (NYSE:NU) last issued 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 net margin of 18.20% and a return on equity of 30.91%. The business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.06 billion. As a group, analysts expect that Nu Holdings Ltd. will post 0.84 earnings per share 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.