Nu Holdings Ltd. $NU Shares Acquired by Sullivan Wood Capital Management LLC

Sullivan Wood Capital Management LLC increased its holdings in Nu Holdings Ltd. (NYSE:NU) by 51.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,150 shares of the company’s stock after buying an additional 49,500 shares during the period. NU comprises about 3.7% of Sullivan Wood Capital Management LLC’s holdings, making the stock its 7th largest position. Sullivan Wood Capital Management LLC’s holdings in NU were worth $2,430,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in NU. Toth Financial Advisory Corp increased its holdings in NU by 3,289.5% during the 4th quarter. Toth Financial Advisory Corp now owns 51,520 shares of the company’s stock valued at $862,000 after acquiring an additional 50,000 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of NU by 6.9% in the fourth quarter. Perigon Wealth Management LLC now owns 21,659 shares of the company’s stock valued at $363,000 after purchasing an additional 1,390 shares in the last quarter. Udine Wealth Management Inc. lifted its holdings in shares of NU by 1.8% in the fourth quarter. Udine Wealth Management Inc. now owns 216,160 shares of the company’s stock valued at $3,619,000 after purchasing an additional 3,724 shares in the last quarter. Aberdeen Group plc grew its position in shares of NU by 17.7% in the fourth quarter. Aberdeen Group plc now owns 15,004,383 shares of the company’s stock valued at $251,173,000 after purchasing an additional 2,260,642 shares during the last quarter. Finally, Matauro LLC grew its position in shares of NU by 804.6% in the fourth quarter. Matauro LLC now owns 147,078 shares of the company’s stock valued at $2,462,000 after purchasing an additional 130,819 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NU. The Goldman Sachs Group restated a “buy” rating and set a $21.00 price objective on shares of NU in a research report on Thursday, December 18th. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Zacks Research downgraded NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Susquehanna boosted their price target on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday, January 27th. Finally, Weiss Ratings upgraded NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Twelve investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.26.

Insiders Place Their Bets

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the 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 of the company’s stock, valued at $34,245,725.78. This represents a 11.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.20% of the company’s stock.

NU Stock Performance

Shares of NYSE NU opened at $14.15 on Friday. The company has a 50-day simple moving average of $15.78 and a 200-day simple moving average of $16.11. 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 company has a market cap of $68.20 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 0.55 and a beta of 1.10. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $18.98.

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

NU Company 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.