Larry Mathis Financial Planning LLC Takes $721,000 Position in Nu Holdings Ltd. $NU

Larry Mathis Financial Planning LLC purchased a new position in Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,100 shares of the company’s stock, valued at approximately $721,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Norges Bank bought a new position in NU in the 4th quarter valued at $763,792,000. Larch Capital Partners LLC bought a new stake in shares of NU during the fourth quarter worth $605,829,000. Lone Pine Capital LLC bought a new stake in shares of NU during the third quarter worth $406,757,000. Jennison Associates LLC boosted its stake in shares of NU by 82.6% during the fourth quarter. Jennison Associates LLC now owns 39,370,791 shares of the company’s stock valued at $659,067,000 after purchasing an additional 17,809,644 shares during the period. Finally, Atmos Capital Gestao DE Recursos LTDA. boosted its stake in shares of NU by 109.1% during the fourth quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 29,813,810 shares of the company’s stock valued at $499,083,000 after purchasing an additional 15,552,726 shares during the period. 84.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NU has been the topic of several recent analyst reports. CICC Research started coverage on shares of NU in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 price target on the stock. Bank of America reissued an “underperform” rating on shares of NU in a research report on Tuesday, June 2nd. Susquehanna downgraded shares of NU from a “positive” rating to a “neutral” rating and dropped their target price for the stock from $18.00 to $13.00 in a research note on Wednesday, June 3rd. Zacks Research lowered shares of NU from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. Nine research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, NU has an average rating of “Moderate Buy” and a consensus target price of $17.08.

NU Price Performance

Shares of NU stock opened at $12.73 on Friday. Nu Holdings Ltd. has a twelve month low of $11.20 and a twelve month high of $18.98. The stock has a market capitalization of $61.83 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 0.51 and a beta of 0.95. The stock has a fifty day simple moving average of $13.42 and a two-hundred day simple moving average of $15.25. 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 (NYSE:NU) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.19 EPS 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 analysts’ expectations of $5.06 billion. NU had a net margin of 18.20% and a return on equity of 30.91%. On average, analysts predict that Nu Holdings Ltd. will post 0.83 EPS for the current fiscal year.

NU declared that its Board of Directors has initiated a stock buyback plan on Thursday, June 4th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at NU

In other NU news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $34,245,725.78. This trade represents a 11.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction dated 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 represents a 11.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is owned by corporate insiders.

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.