Concurrent Investment Advisors LLC Takes Position in Nu Holdings Ltd. $NU

Key Points

• Concurrent Investment Advisors LLC acquired a new stake of 120,488 shares in Nu Holdings Ltd. (NYSE: NU) during Q4, valued at approximately $2.02 million.
• CEO Cristina Helena Zing Junqueira sold 300,000 NU shares on March 23 at an average of $14.81 (proceeds ~$4.44 million), reducing her holding by 11.48% to 2,312,338 shares.
• Nu recently beat quarterly EPS and revenue expectations, shows strong profitability (net margin 18.19%, ROE 30.68%) and carries a market cap of ~$70.5 billion; analysts have a consensus "Moderate Buy" with an average price target of $18.46.

Concurrent Investment Advisors LLC acquired a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 120,488 shares of the company's stock, valued at approximately $2,017,000.

A number of other large investors have also recently added to or reduced their stakes in NU. LOM Asset Management Ltd acquired a new stake in NU in the 4th quarter valued at about $25,000. Jordan Park Group LLC grew its stake in NU by 129.3% in the 3rd quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company's stock valued at $31,000 after acquiring an additional 1,104,421 shares during the last quarter. EverSource Wealth Advisors LLC grew 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 last quarter. VSM Wealth Advisory LLC grew its stake in NU by 1,000.0% in the 3rd quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company's stock valued at $53,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Allworth Financial LP grew its stake in NU by 36.1% in the 3rd quarter. Allworth Financial LP now owns 3,488 shares of the company's stock valued at $56,000 after acquiring an additional 926 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of NU stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the transaction, the chief executive officer directly owned 2,312,338 shares of the company's stock, valued at $34,245,725.78. The trade was a 11.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NU Price Performance

NU opened at $14.52 on Wednesday. The company's 50 day simple moving average is $14.84 and its 200 day simple moving average is $16.01. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.58. Nu Holdings Ltd. has a 1 year low of $11.71 and a 1 year high of $18.98. The stock has a market capitalization of $70.48 billion, a PE ratio of 25.03, a P/E/G ratio of 0.59 and a beta of 1.10.

NU (NYSE:NU - Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. The business had revenue of $4.86 billion for the quarter, compared to analysts' expectations of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. As a group, sell-side analysts expect that Nu Holdings Ltd. will post 0.84 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Susquehanna increased their price objective on shares of NU from $19.00 to $22.00 and gave the company a "positive" rating in a research note on Tuesday, January 27th. Itau BBA Securities reissued an "outperform" rating on shares of NU in a research note on Tuesday, March 17th. Bank of America reissued a "neutral" rating on shares of NU in a research note on Monday, March 9th. CICC Research assumed coverage on shares of NU in a research note on Tuesday, April 14th. They issued an "outperform" rating and a $18.00 price objective on the stock. Finally, UBS Group upgraded shares of NU from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $17.20 to $17.60 in a report on Thursday, March 19th. Twelve research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $18.46.

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.

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