Savant Capital LLC Has $238,000 Stock Position in Nu Holdings Ltd. $NU

Savant Capital LLC cut its holdings in Nu Holdings Ltd. (NYSE:NU) by 83.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,219 shares of the company’s stock after selling 72,295 shares during the quarter. Savant Capital LLC’s holdings in NU were worth $238,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of NU. EverSource Wealth Advisors LLC boosted its stake in 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 buying an additional 1,464 shares in the last quarter. Jump Financial LLC boosted its stake in NU by 541.8% in the second quarter. Jump Financial LLC now owns 185,434 shares of the company’s stock valued at $2,544,000 after buying an additional 156,539 shares in the last quarter. WINTON GROUP Ltd boosted its stake in NU by 38.5% in the second quarter. WINTON GROUP Ltd now owns 37,156 shares of the company’s stock valued at $510,000 after buying an additional 10,332 shares in the last quarter. AXA S.A. boosted its stake in NU by 1.4% in the second quarter. AXA S.A. now owns 192,311 shares of the company’s stock valued at $2,639,000 after buying an additional 2,682 shares in the last quarter. Finally, Nebula Research & Development LLC boosted its stake in NU by 63.7% in the second quarter. Nebula Research & Development LLC now owns 19,937 shares of the company’s stock valued at $274,000 after buying an additional 7,760 shares in the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NU

In other news, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 162,150 shares in the company, valued at $1,984,716. This trade represents a 11.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $14.81, for a total value 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 trade represents a 11.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

NU Stock Performance

Shares of NU stock opened at $11.97 on Monday. The business’s 50-day moving average price is $13.79 and its 200-day moving average price is $15.53. Nu Holdings Ltd. has a 12 month low of $11.20 and a 12 month high of $18.98. The firm has a market capitalization of $58.10 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 0.48 and a beta of 0.95. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36.

NU (NYSE:NU) last announced its quarterly 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 net margin of 18.20% and a return on equity of 30.91%. The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.06 billion. Equities research analysts forecast that Nu Holdings Ltd. will post 0.84 EPS for the current year.

NU declared that its Board of Directors has initiated a share buyback program on Thursday, June 4th that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several analysts recently weighed in on NU shares. CICC Research started coverage on NU in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price objective on the stock. Zacks Research lowered NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. Susquehanna lowered NU from a “positive” rating to a “neutral” rating and cut their price target for the company from $18.00 to $13.00 in a research note on Wednesday, June 3rd. Finally, UBS Group cut their price target on NU from $18.10 to $16.90 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NU has a consensus rating of “Moderate Buy” and a consensus target price of $17.08.

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.