Foster Victor Wealth Advisors LLC Makes New Investment in Nu Holdings Ltd. $NU

Foster Victor Wealth Advisors LLC purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,354 shares of the company’s stock, valued at approximately $562,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Hosking Partners LLP lifted its stake in NU by 22.9% in the third quarter. Hosking Partners LLP now owns 1,120,626 shares of the company’s stock valued at $14,187,000 after acquiring an additional 208,948 shares during the last quarter. Milestones Administradora de Recursos Ltda. grew its position in shares of NU by 7.6% in the 3rd quarter. Milestones Administradora de Recursos Ltda. now owns 3,393,059 shares of the company’s stock valued at $42,956,000 after acquiring an additional 238,945 shares during the period. Quadrant Capital Group LLC grew its position in shares of NU by 76.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 11,755 shares of the company’s stock valued at $149,000 after acquiring an additional 5,094 shares during the period. Benchmark Financial Wealth Advisors LLC acquired a new position in shares of NU during the 3rd quarter worth about $135,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of NU by 28.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 15,250,682 shares of the company’s stock worth $193,074,000 after purchasing an additional 3,415,141 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

Insider Buying and Selling at NU

In other NU news, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $15.81, for a total value of $3,505,187.67. Following the transaction, the insider directly owned 979,446 shares in the company, valued at $15,485,041.26. The trade was a 18.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Cristina Junqueira sold 65,000 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $14.71, for a total transaction of $956,150.00. Following the completion of the transaction, the chief executive officer directly 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. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 386,707 shares of company stock worth $6,001,588. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NU shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $19.00 target price on shares of NU in a report on Monday, September 28th. JPMorgan Chase & Co. raised their target price on shares of NU from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, October 6th. Weiss Ratings cut NU from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Susquehanna boosted their price target on NU from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. Finally, Wolfe Research lowered their price target on NU from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 25th. Nine research 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 stock has an average rating of “Moderate Buy” and a consensus price target of $18.12.

NU Stock Down 2.4%

NU opened at $14.69 on Friday. Nu Holdings Ltd. has a 1-year low of $11.20 and a 1-year high of $18.98. The stock’s fifty day simple moving average is $14.57 and its 200 day simple moving average is $13.94. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.35. The stock has a market cap of $71.33 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 0.62 and a beta of 0.95.

NU (NYSE:NU) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.22 earnings per share (EPS) for the quarter. NU had a return on equity of 31.59% and a net margin of 18.65%. The business had revenue of $5.88 billion during the quarter. As a group, research analysts expect that Nu Holdings Ltd. will post 0.86 earnings per share for the current year.

About NU

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.