Nu Holdings Ltd. $NU Shares Bought by Baillie Gifford & Co.

Key Points

• Baillie Gifford & Co. increased its stake in Nu Holdings (NU) by 2.3% to 257,256,952 shares, representing about 5.34% of NU and roughly $4.31 billion, making it the fund’s 7th-largest holding.
• CEO Cristina Junqueira sold 300,000 shares on March 23 at an average price of $14.81, reducing her position by 11.48% and generating about $4.44 million.
• NU has a consensus Moderate Buy rating (12 Buys, 2 Holds) with a $18.26 average target, and it recently beat estimates with quarterly EPS of $0.19 (vs. $0.18) and revenue of $4.86 billion (vs. $4.55 billion).

Baillie Gifford & Co. grew its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 257,256,952 shares of the company's stock after acquiring an additional 5,797,365 shares during the quarter. NU comprises 3.6% of Baillie Gifford & Co.'s portfolio, making the stock its 7th biggest position. Baillie Gifford & Co. owned about 5.34% of NU worth $4,306,481,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jordan Park Group LLC grew its stake in shares of NU by 129.3% in the third quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company's stock valued at $31,000 after buying an additional 1,104,421 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in NU by 63.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company's stock valued at $52,000 after purchasing an additional 1,464 shares in the last quarter. VSM Wealth Advisory LLC grew its stake in NU by 1,000.0% during the 3rd quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company's stock valued at $53,000 after purchasing an additional 3,000 shares in the last quarter. Allworth Financial LP grew its stake in NU by 36.1% during the 3rd quarter. Allworth Financial LP now owns 3,488 shares of the company's stock valued at $56,000 after purchasing an additional 926 shares in the last quarter. Finally, Canton Hathaway LLC acquired a new stake in NU during the 4th quarter valued at approximately $67,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NU

In other news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the business's stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $14.81, for a total value of $4,443,000.00. Following the sale, the chief executive officer owned 2,312,338 shares of the company's stock, valued at approximately $34,245,725.78. The trade was a 11.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NU. Itau BBA Securities reiterated an "outperform" rating on shares of NU in a research report on Tuesday, March 17th. Weiss Ratings upgraded NU from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, February 18th. Zacks Research lowered NU from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 24th. The Goldman Sachs Group reiterated a "buy" rating and issued a $21.00 target price on shares of NU in a research report on Thursday, December 18th. Finally, UBS Group upgraded NU from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $17.20 to $17.60 in a research report on Thursday, March 19th. Twelve equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.26.

NU Stock Down 0.2%

Shares of NU stock opened at $14.94 on Monday. The business's fifty day moving average price is $15.39 and its two-hundred day moving average price is $16.06. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market capitalization of $71.97 billion, a P/E ratio of 25.75, a PEG ratio of 0.61 and a beta of 1.10. Nu Holdings Ltd. has a 1-year low of $10.26 and a 1-year high of $18.98.

NU (NYSE:NU - Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The firm had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.55 billion. NU had a return on equity of 30.68% and a net margin of 18.19%. As a group, research analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

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.

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