Capital Wealth Planning LLC Invests $1.31 Million in Nu Holdings Ltd. (NYSE:NU)

Capital Wealth Planning LLC purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the second quarter, Holdings Channel reports. The institutional investor purchased 101,415 shares of the company’s stock, valued at approximately $1,307,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Beacon Pointe Advisors LLC purchased a new position in NU in the fourth quarter valued at about $199,000. Great Lakes Advisors LLC purchased a new position in NU in the fourth quarter valued at about $6,809,000. Independent Advisor Alliance purchased a new position in NU in the fourth quarter valued at about $99,000. ING Groep NV grew its stake in NU by 16.5% in the fourth quarter. ING Groep NV now owns 698,400 shares of the company’s stock valued at $5,818,000 after purchasing an additional 98,900 shares during the last quarter. Finally, Norges Bank purchased a new position in NU in the fourth quarter valued at about $209,534,000. Institutional investors own 80.90% of the company’s stock.

NU Trading Up 1.6 %

NU stock opened at $14.74 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25. Nu Holdings Ltd. has a 52 week low of $6.77 and a 52 week high of $15.10. The company has a market capitalization of $70.25 billion, a price-to-earnings ratio of 56.69, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17. The stock has a 50-day moving average price of $13.32 and a 200 day moving average price of $12.27.

NU (NYSE:NU) last released its earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. NU had a return on equity of 27.00% and a net margin of 15.11%. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the previous year, the company posted $0.05 earnings per share. Sell-side analysts anticipate that Nu Holdings Ltd. will post 0.4 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on NU. UBS Group lowered NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a research note on Friday, August 2nd. The Goldman Sachs Group lifted their target price on NU from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Bank of America boosted their price target on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price target on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Finally, Barclays boosted their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.08.

NU Company Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.