Belpointe Asset Management LLC Makes New Investment in Nu Holdings Ltd. $NU

Key Points

• Belpointe Asset Management LLC invested approximately $648,000 in Nu Holdings Ltd. by acquiring 47,226 shares during the second quarter.
• Nu Holdings reported a quarterly EPS of $0.14, surpassing analyst expectations of $0.12, but its revenue of $3.70 billion fell short of the estimated $3.78 billion.
• Analysts have generally rated Nu Holdings positively, with nine recommending a Buy and a revised average target price of $17.06 following recent upgrades.

Belpointe Asset Management LLC bought a new position in Nu Holdings Ltd. (NYSE:NU - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 47,226 shares of the company's stock, valued at approximately $648,000.

Other large investors have also added to or reduced their stakes in the company. Valeo Financial Advisors LLC bought a new stake in shares of NU during the 2nd quarter valued at $889,000. Carolina Wealth Advisors LLC grew its position in shares of NU by 31.5% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 74,405 shares of the company's stock valued at $1,021,000 after acquiring an additional 17,842 shares during the period. Sava Infond d.o.o. bought a new stake in shares of NU during the 2nd quarter valued at $823,000. Fortis Capital Advisors LLC bought a new stake in shares of NU during the 2nd quarter valued at $648,000. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of NU by 2,221.2% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 615,585 shares of the company's stock valued at $8,446,000 after acquiring an additional 589,065 shares during the period. Institutional investors own 84.02% of the company's stock.

NU Stock Up 2.2%

NU opened at $15.46 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.42. The firm's fifty day moving average is $14.45 and its 200 day moving average is $12.94. The stock has a market cap of $74.50 billion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 0.79 and a beta of 1.08.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same quarter in the previous year, the company earned $0.12 EPS. On average, sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NU has been the subject of a number of recent research reports. Itau BBA Securities raised shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 price objective for the company in a research report on Monday, August 18th. Morgan Stanley reissued an "overweight" rating on shares of NU in a research report on Friday, June 13th. Bradesco Corretora raised shares of NU to an "outperform" rating and set a $17.00 price objective for the company in a research report on Monday, August 25th. UBS Group lifted their target price on shares of NU from $14.30 to $15.60 and gave the company a "neutral" rating in a research note on Tuesday, September 2nd. Finally, Bank of America lifted their target price on shares of NU from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday, August 25th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $17.06.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.

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