Savant Capital LLC Sells 72,295 Shares of Nu Holdings Ltd. $NU

Savant Capital LLC lessened its holdings in Nu Holdings Ltd. (NYSE:NU) by 83.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,219 shares of the company’s stock after selling 72,295 shares during the period. Savant Capital LLC’s holdings in NU were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in NU. LOM Asset Management Ltd bought a new stake in NU in the 4th quarter valued at $25,000. Cornerstone Planning Group LLC raised its stake in NU by 5,448.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock valued at $27,000 after acquiring an additional 1,580 shares during the period. Morse Asset Management Inc bought a new stake in NU in the 4th quarter valued at $31,000. Fifth Third Bancorp raised its stake in NU by 433.0% in the 4th quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock valued at $33,000 after acquiring an additional 1,615 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in NU by 63.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after acquiring an additional 1,464 shares during the period. Institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

A number of equities research 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 target on the stock. Zacks Research lowered NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Scotiabank lowered NU to a “sector perform” rating and set a $13.00 price objective on the stock. in a report on Wednesday. Bank of America reaffirmed an “underperform” rating on shares of NU in a report on Tuesday, June 2nd. Finally, UBS Group decreased their price objective on NU from $18.10 to $16.90 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Ten research 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’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $17.08.

Insider Buying and Selling at NU

In other news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the stock in a transaction 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 sale, the chief executive officer directly owned 2,312,338 shares of the company’s stock, valued at approximately $34,245,725.78. This represents a 11.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anita M. Sands sold 21,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $12.24, for a total value of $257,040.00. Following the sale, the director directly owned 162,150 shares in the company, valued at approximately $1,984,716. This trade represents a 11.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

NU Stock Performance

Shares of NYSE NU opened at $11.97 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.58 and a quick ratio of 0.58. The stock’s fifty day moving average price is $13.79 and its two-hundred day moving average price is $15.53. Nu Holdings Ltd. has a one year low of $11.20 and a one year high of $18.98. The firm has a market cap of $58.10 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 0.48 and a beta of 0.95.

NU (NYSE:NU) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.84 EPS for the current year.

NU announced that its board has initiated a stock repurchase program on Thursday, June 4th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

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.