Intellectus Partners LLC Purchases 44,450 Shares of Nu Holdings Ltd. $NU

Intellectus Partners LLC boosted its position in Nu Holdings Ltd. (NYSE:NU) by 174.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,990 shares of the company’s stock after purchasing an additional 44,450 shares during the quarter. Intellectus Partners LLC’s holdings in NU were worth $1,172,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NU. Baillie Gifford & Co. increased its holdings in shares of NU by 2.3% during the fourth quarter. Baillie Gifford & Co. now owns 257,256,952 shares of the company’s stock valued at $4,306,481,000 after acquiring an additional 5,797,365 shares in the last quarter. State Street Corp increased its holdings in shares of NU by 0.3% during the third quarter. State Street Corp now owns 91,478,395 shares of the company’s stock valued at $1,464,569,000 after acquiring an additional 239,660 shares in the last quarter. Norges Bank acquired a new position in shares of NU during the fourth quarter valued at about $763,792,000. Jennison Associates LLC increased its holdings in shares of NU by 82.6% during the fourth quarter. Jennison Associates LLC now owns 39,370,791 shares of the company’s stock valued at $659,067,000 after acquiring an additional 17,809,644 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of NU by 5.0% during the third quarter. Legal & General Group Plc now owns 30,176,407 shares of the company’s stock valued at $483,124,000 after acquiring an additional 1,430,827 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.

NU Price Performance

Shares of NYSE:NU opened at $11.66 on Thursday. Nu Holdings Ltd. has a twelve month low of $11.20 and a twelve month high of $18.98. The company’s 50 day moving average is $13.88 and its 200 day moving average is $15.58. 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 cap of $56.59 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 0.48 and a beta of 0.95.

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 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 business had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.06 billion. On average, sell-side analysts forecast that Nu Holdings Ltd. will post 0.84 EPS for the current year.

Insider Activity at NU

In related news, Director Anita M. Sands sold 21,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $12.24, for a total value of $257,040.00. Following the transaction, the director owned 162,150 shares in the company, valued at approximately $1,984,716. This represents a 11.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 2,312,338 shares in the company, valued at approximately $34,245,725.78. This trade represents a 11.48% decrease in their position. The SEC filing for this sale provides additional information. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NU. Bank of America restated an “underperform” rating on shares of NU in a report on Tuesday. CICC Research began coverage on shares of NU in a report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 price objective on the stock. Weiss Ratings downgraded shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 13th. UBS Group cut their price objective on shares of NU from $18.10 to $16.90 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Finally, Scotiabank downgraded shares of NU to a “sector perform” rating and set a $13.00 price objective on the stock. in a report on Wednesday. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $17.08.

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.