Prospera Financial Services Inc Invests $1.74 Million in Nu Holdings Ltd. $NU

Prospera Financial Services Inc purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 103,806 shares of the company’s stock, valued at approximately $1,738,000.

Other institutional investors have also recently bought and sold shares of the company. LOM Asset Management Ltd purchased a new stake in NU in the fourth quarter valued at approximately $25,000. Cornerstone Planning Group LLC grew its holdings in NU by 5,448.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock valued at $27,000 after purchasing an additional 1,580 shares during the period. Jordan Park Group LLC grew its holdings in NU by 129.3% in the third quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock valued at $31,000 after purchasing an additional 1,104,421 shares during the period. Morse Asset Management Inc purchased a new stake in NU in the fourth quarter valued at approximately $31,000. Finally, Fifth Third Bancorp grew its holdings in NU by 433.0% in the fourth quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock valued at $33,000 after purchasing an additional 1,615 shares during the period. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Bank of America restated a “neutral” rating on shares of NU in a report on Monday, March 9th. Itau BBA Securities restated an “outperform” rating on shares of NU in a report on Tuesday, March 17th. 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 report on Wednesday, May 20th. Weiss Ratings downgraded shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. Finally, Zacks Research downgraded shares of NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.39.

NU Trading Up 0.5%

NYSE NU opened at $13.05 on Thursday. The company’s fifty day simple moving average is $14.04 and its 200-day simple moving average is $15.70. Nu Holdings Ltd. has a 52 week low of $11.71 and a 52 week 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 stock has a market cap of $63.34 billion, a P/E ratio of 20.07, a PEG ratio of 0.52 and a beta of 1.01.

NU (NYSE:NU) last posted its earnings results on Friday, May 15th. The company reported $0.19 EPS 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 analyst estimates of $5.06 billion. Equities research analysts predict that Nu Holdings Ltd. will post 0.84 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the business’s stock in a transaction on 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 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 document filed with the SEC, which is available at this hyperlink. Also, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction 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 transaction, the director directly owned 162,150 shares in the company, valued at approximately $1,984,716. The trade was a 11.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.20% of the company’s stock.

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.