Nu Holdings Ltd. $NU Shares Acquired by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC increased its holdings in Nu Holdings Ltd. (NYSE:NU) by 461.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,269 shares of the company’s stock after buying an additional 92,290 shares during the period. Elevation Point Wealth Partners LLC’s holdings in NU were worth $1,613,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in NU. Caitong International Asset Management Co. Ltd raised its position in NU by 14,810.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,491 shares of the company’s stock worth $25,000 after acquiring an additional 1,481 shares during the last quarter. LOM Asset Management Ltd purchased a new stake in shares of NU in the fourth quarter valued at about $25,000. Zions Bancorporation National Association UT acquired a new stake in shares of NU in the fourth quarter valued at approximately $27,000. Cornerstone Planning Group LLC grew its position in shares of NU by 5,448.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock valued at $27,000 after purchasing an additional 1,580 shares during the last quarter. Finally, Morse Asset Management Inc purchased a new position in shares of NU during the 4th quarter worth approximately $31,000. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Stock Performance

NYSE:NU opened at $13.60 on Monday. The company has a market cap of $66.02 billion, a P/E ratio of 20.92, a P/E/G ratio of 0.54 and a beta of 0.95. The firm’s 50 day moving average is $13.01 and its two-hundred day moving average is $14.96. Nu Holdings Ltd. has a fifty-two week low of $11.20 and a fifty-two week high of $18.98. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.36.

NU (NYSE:NU) last issued its earnings results on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NU had a return on equity of 30.91% and a net margin of 18.20%.The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.06 billion. Analysts expect that Nu Holdings Ltd. will post 0.83 EPS for the current year.

NU announced that its Board of Directors has initiated a stock buyback plan on Thursday, June 4th that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at NU

In other news, Director Anita M. Sands sold 21,000 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $12.24, for a total value of $257,040.00. Following the completion of the sale, the director 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on NU shares. Weiss Ratings downgraded NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. CICC Research started coverage on NU in a report on Tuesday, April 14th. They set an “outperform” rating and a $18.00 target price on the stock. Susquehanna downgraded NU from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $18.00 to $13.00 in a research report on Wednesday, June 3rd. Itau BBA Securities reissued an “outperform” rating on shares of NU in a report on Tuesday, March 17th. Finally, Scotiabank downgraded NU to a “sector perform” rating and set a $13.00 price objective on the stock. in a research report on Wednesday, June 3rd. Ten equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.07.

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.