189,170 Shares of Nu Holdings Ltd. $NU Acquired by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC purchased a new position in Nu Holdings Ltd. (NYSE:NU) in the third quarter, Holdings Channel reports. The fund purchased 189,170 shares of the company’s stock, valued at approximately $2,395,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its holdings in NU by 127.0% in the third quarter. Assenagon Asset Management S.A. now owns 38,263,897 shares of the company’s stock valued at $484,421,000 after buying an additional 21,405,374 shares during the last quarter. Squadra Investments Gestao DE Recursos LTDA. raised its stake in NU by 266.8% during the first quarter. Squadra Investments Gestao DE Recursos LTDA. now owns 22,312,501 shares of the company’s stock valued at $320,631,000 after buying an additional 16,229,515 shares in the last quarter. Bank of Nova Scotia lifted its holdings in NU by 855.9% during the 1st quarter. Bank of Nova Scotia now owns 16,111,616 shares of the company’s stock worth $231,524,000 after buying an additional 14,426,181 shares during the last quarter. Maverick Capital Ltd. lifted its holdings in NU by 91.6% during the 1st quarter. Maverick Capital Ltd. now owns 22,444,311 shares of the company’s stock worth $322,525,000 after buying an additional 10,729,747 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in NU by 444.1% during the 1st quarter. Hsbc Holdings PLC now owns 7,782,758 shares of the company’s stock worth $111,555,000 after buying an additional 6,352,288 shares during the last quarter. 84.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NU has been the subject of several research reports. Susquehanna lifted their target price on NU from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. Weiss Ratings lowered NU from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. UBS Group upped their price target on NU from $18.20 to $20.50 and gave the company a “buy” rating in a research report on Tuesday, October 20th. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $20.00 to $18.00 in a research note on Wednesday, September 16th. Finally, Wolfe Research decreased their price objective on shares of NU from $18.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, August 25th. Nine investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.12.

NU Trading Up 3.1%

NYSE NU opened at $15.18 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.55 and a current ratio of 0.55. Nu Holdings Ltd. has a one year low of $11.20 and a one year high of $18.98. The company has a 50-day simple moving average of $14.57 and a 200-day simple moving average of $13.95. The firm has a market capitalization of $73.73 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 0.62 and a beta of 0.95.

NU (NYSE:NU) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.22 earnings per share for the quarter. The firm had revenue of $5.88 billion for the quarter. NU had a net margin of 18.65% and a return on equity of 31.59%. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.86 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $15.81, for a total transaction of $3,505,187.67. Following the completion of the transaction, the insider directly owned 979,446 shares of the company’s stock, valued at approximately $15,485,041.26. This represents a 18.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Cristina Junqueira sold 65,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $14.71, for a total value of $956,150.00. Following the sale, the chief executive officer owned 2,542,083 shares in the company, valued at $37,394,040.93. The trade was a 2.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 386,707 shares of company stock valued at $6,001,588. 1.20% of the stock is currently owned by insiders.

NU Profile

Nubank (NYSE: NU) is a digital financial services company headquartered in São Paulo, Brazil. Founded in 2013, the company was established to simplify banking through technology and expand access to financial services in markets traditionally served by large, conventional institutions.

Nubank offers a range of consumer and business products, including digital bank accounts, credit cards, personal loans, payment services, investment products and insurance. Its platform is designed to allow customers to manage accounts, payments and other financial products through mobile applications and other digital channels.

The company primarily serves customers in Brazil, Mexico and Colombia.