Capital Wealth Planning LLC Buys New Shares in Nu Holdings Ltd. $NU

Capital Wealth Planning LLC bought a new stake in Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 175,435 shares of the company’s stock, valued at approximately $2,937,000.

Several other hedge funds have also made changes to their positions in the stock. LOM Asset Management Ltd acquired a new position in NU in the fourth quarter worth about $25,000. Cornerstone Planning Group LLC raised its position in NU by 5,448.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,609 shares of the company’s stock worth $27,000 after purchasing an additional 1,580 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in NU in the fourth quarter worth about $27,000. Morse Asset Management Inc acquired a new position in NU in the fourth quarter worth about $31,000. Finally, Fifth Third Bancorp raised its position in NU by 433.0% in the fourth quarter. Fifth Third Bancorp now owns 1,988 shares of the company’s stock worth $33,000 after purchasing an additional 1,615 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

Insider Activity at NU

In other news, Director Anita M. Sands sold 21,000 shares of the firm’s stock in a transaction that occurred 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 owned 162,150 shares of the company’s stock, 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 SEC, which is accessible through this link. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $14.81, for a total transaction of $4,443,000.00. Following the sale, the chief executive officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.20% of the company’s stock.

NU Stock Performance

NYSE NU opened at $11.63 on Thursday. The firm has a market cap of $56.45 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 0.47 and a beta of 0.95. The company has a 50 day moving average of $13.67 and a 200-day moving average of $15.45. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.36. Nu Holdings Ltd. has a 1-year low of $11.20 and a 1-year high of $18.98.

NU (NYSE:NU) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.06 billion. NU had a return on equity of 30.91% and a net margin of 18.20%. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.84 earnings per share for the current fiscal year.

NU announced that its board has approved a stock buyback plan on Thursday, June 4th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Itau BBA Securities reissued an “outperform” rating on shares of NU in a research report on Tuesday, March 17th. Susquehanna lowered shares of 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. Weiss Ratings lowered shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Bank of America reissued an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. Finally, UBS Group dropped their price target on shares of NU from $18.10 to $16.90 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Ten equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.08.

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.