Larry Mathis Financial Planning LLC Makes New Investment in Nu Holdings Ltd. $NU

Larry Mathis Financial Planning LLC acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 43,100 shares of the company’s stock, valued at approximately $721,000.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in shares of NU by 63.5% in the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock worth $52,000 after buying an additional 1,464 shares in the last quarter. Jump Financial LLC grew its holdings in NU by 541.8% during the 2nd quarter. Jump Financial LLC now owns 185,434 shares of the company’s stock valued at $2,544,000 after buying an additional 156,539 shares in the last quarter. WINTON GROUP Ltd increased its stake in NU by 38.5% in the 2nd quarter. WINTON GROUP Ltd now owns 37,156 shares of the company’s stock worth $510,000 after acquiring an additional 10,332 shares during the last quarter. AXA S.A. increased its stake in NU by 1.4% in the 2nd quarter. AXA S.A. now owns 192,311 shares of the company’s stock worth $2,639,000 after acquiring an additional 2,682 shares during the last quarter. Finally, Nebula Research & Development LLC raised its holdings in shares of NU by 63.7% during the 2nd quarter. Nebula Research & Development LLC now owns 19,937 shares of the company’s stock worth $274,000 after acquiring an additional 7,760 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NU shares. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. Bank of America restated an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. Zacks Research downgraded shares of NU from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Scotiabank lowered shares of NU to a “sector perform” rating and set a $13.00 price objective for the company. in a research report on Wednesday, June 3rd. Finally, Weiss Ratings lowered shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Nine analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, NU presently has an average rating of “Moderate Buy” and an average target price of $17.08.

Insiders Place Their Bets

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the business’s stock in a transaction 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 owned 2,312,338 shares in the company, valued at $34,245,725.78. The trade was a 11.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Anita M. Sands sold 21,000 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $12.24, for a total transaction of $257,040.00. Following the completion of the sale, the director directly owned 162,150 shares in the company, valued at approximately $1,984,716. This represents a 11.47% decrease in their position. The SEC filing for this sale provides additional information. 1.20% of the stock is owned by company insiders.

NU Trading Up 0.2%

Shares of NYSE NU opened at $12.73 on Friday. Nu Holdings Ltd. has a 1-year low of $11.20 and a 1-year high of $18.98. 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 business’s 50 day moving average is $13.42 and its two-hundred day moving average is $15.25. The stock has a market capitalization of $61.83 billion, a P/E ratio of 19.59, a PEG ratio of 0.51 and a beta of 0.95.

NU (NYSE:NU) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. As a group, research analysts expect that Nu Holdings Ltd. will post 0.83 EPS for the current year.

NU declared that its Board of Directors has approved a stock repurchase plan on Thursday, June 4th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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.