Elevation Point Wealth Partners LLC Has $945,000 Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Elevation Point Wealth Partners LLC trimmed its position in Nu Holdings Ltd. (NYSE:NU) by 12.4% during the first quarter, HoldingsChannel.com reports. The fund owned 92,289 shares of the company’s stock after selling 13,044 shares during the period. Elevation Point Wealth Partners LLC’s holdings in NU were worth $945,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. NBC Securities Inc. increased its stake in NU by 286,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company’s stock worth $29,000 after purchasing an additional 2,860 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in NU by 51.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company’s stock worth $39,000 after purchasing an additional 1,295 shares in the last quarter. Farther Finance Advisors LLC increased its stake in NU by 128.7% during the 1st quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company’s stock worth $44,000 after purchasing an additional 2,392 shares in the last quarter. Orion Capital Management LLC bought a new stake in NU during the 4th quarter worth approximately $50,000. Finally, TD Waterhouse Canada Inc. increased its stake in NU by 190.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock worth $51,000 after purchasing an additional 3,215 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Price Performance

NYSE:NU opened at $11.92 on Friday. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $11.95 and a 200 day simple moving average of $11.71. The stock has a market capitalization of $57.45 billion, a PE ratio of 29.81, a P/E/G ratio of 0.48 and a beta of 1.04.

NU (NYSE:NU) last released its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a net margin of 17.12% and a return on equity of 30.99%. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the prior year, the business posted $0.09 earnings per share. On average, research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on NU. Barclays increased their target price on NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, April 25th. Susquehanna raised their price target on shares of NU from $14.00 to $15.00 and gave the stock a “positive” rating in a research note on Wednesday, May 14th. JPMorgan Chase & Co. raised shares of NU from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $14.00 to $13.00 in a research note on Tuesday, April 8th. Finally, UBS Group decreased their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $15.13.

NU Profile

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.