Ardsley Advisory Partners LP Acquires New Stake in Nu Holdings Ltd. $NU

Ardsley Advisory Partners LP bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 500,000 shares of the company’s stock, valued at approximately $6,860,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Azora Capital LP grew its holdings in shares of NU by 81.6% during the second quarter. Azora Capital LP now owns 5,435,076 shares of the company’s stock worth $74,569,000 after purchasing an additional 2,442,316 shares in the last quarter. AXA S.A. lifted its position in NU by 1.4% during the second quarter. AXA S.A. now owns 192,311 shares of the company’s stock valued at $2,639,000 after purchasing an additional 2,682 shares during the last quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new position in NU in the 2nd quarter worth approximately $2,054,000. State Street Corp grew its stake in NU by 2.4% in the 2nd quarter. State Street Corp now owns 91,238,735 shares of the company’s stock worth $1,251,795,000 after buying an additional 2,158,037 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of NU by 30.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 455,245 shares of the company’s stock worth $6,246,000 after buying an additional 105,062 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Trading Up 0.3%

NYSE NU opened at $16.66 on Wednesday. The stock has a market cap of $80.30 billion, a P/E ratio of 32.68, a price-to-earnings-growth ratio of 0.79 and a beta of 1.07. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $17.84. The stock has a 50 day simple moving average of $15.94 and a two-hundred day simple moving average of $14.36. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.56.

NU (NYSE:NU) last posted its earnings results on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. NU had a return on equity of 30.12% and a net margin of 17.97%.The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $3.96 billion. On average, analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NU shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. Susquehanna raised their price target on NU from $17.00 to $19.00 and gave the company a “positive” rating in a research report on Friday, November 14th. Itau BBA Securities upgraded NU from a “market perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a report on Monday, August 18th. Citigroup upgraded NU from a “sell” rating to a “buy” rating and increased their price objective for the company from $9.00 to $18.00 in a research report on Wednesday, August 20th. Finally, Bank of America raised their price objective on NU from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 25th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $17.71.

NU Company 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.