Glynn Capital Management LLC Has $20.46 Million Stake in Nu Holdings Ltd. $NU

Glynn Capital Management LLC lessened its holdings in Nu Holdings Ltd. (NYSE:NU) by 12.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,222,151 shares of the company’s stock after selling 170,263 shares during the quarter. NU accounts for 7.0% of Glynn Capital Management LLC’s investment portfolio, making the stock its 3rd largest position. Glynn Capital Management LLC’s holdings in NU were worth $20,459,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LOM Asset Management Ltd bought a new position in shares of NU during the 4th quarter worth $25,000. Cornerstone Planning Group LLC grew its stake in shares of NU by 5,448.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after acquiring an additional 1,580 shares during the period. Jordan Park Group LLC grew its stake in shares of NU by 129.3% during the 3rd quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock worth $31,000 after acquiring an additional 1,104,421 shares during the period. Morse Asset Management Inc bought a new position in shares of NU during the 4th quarter worth $31,000. Finally, Fifth Third Bancorp grew its stake in shares of NU by 433.0% during the 4th quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock worth $33,000 after acquiring an additional 1,615 shares during the period. Institutional investors own 84.02% of the company’s stock.

Insider Activity

In other NU news, 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 completion of the transaction, the chief executive officer owned 2,312,338 shares in the company, valued at $34,245,725.78. This trade represents a 11.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $257,040.00. Following the completion of the transaction, the director owned 162,150 shares of the company’s stock, valued at approximately $1,984,716. This represents a 11.47% decrease in their position. The SEC filing for this sale provides additional information. 1.20% of the stock is owned by company insiders.

NU Stock Up 0.3%

Shares of NYSE NU opened at $13.08 on Friday. Nu Holdings Ltd. has a 52 week low of $11.71 and a 52 week high of $18.98. The business has a 50-day simple moving average of $14.02 and a two-hundred day simple moving average of $15.68. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.36. The company has a market cap of $63.49 billion, a P/E ratio of 20.12, a P/E/G ratio of 0.52 and a beta of 1.01.

NU (NYSE:NU) last issued its earnings results on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). NU had a return on equity of 30.91% and a net margin of 18.20%.The company had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.06 billion. Research analysts anticipate that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NU. Zacks Research downgraded NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Bank of America reiterated a “neutral” rating on shares of NU in a research note on Monday, March 9th. CICC Research began coverage on NU in a research note on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price target for the company. Weiss Ratings downgraded NU from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 13th. Finally, UBS Group cut their price target on NU from $18.10 to $16.90 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.39.

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.