Azora Capital LP Acquires 2,442,316 Shares of Nu Holdings Ltd. $NU

Azora Capital LP boosted its holdings in Nu Holdings Ltd. (NYSE:NU) by 81.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,435,076 shares of the company’s stock after purchasing an additional 2,442,316 shares during the quarter. NU makes up 3.4% of Azora Capital LP’s portfolio, making the stock its 10th biggest holding. Azora Capital LP owned approximately 0.11% of NU worth $74,569,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NU. State Street Corp lifted its holdings in shares of NU by 2.4% during the 2nd quarter. State Street Corp now owns 91,238,735 shares of the company’s stock worth $1,251,795,000 after acquiring an additional 2,158,037 shares during the period. Sands Capital Management LLC raised its stake in NU by 5.9% during the second quarter. Sands Capital Management LLC now owns 54,504,428 shares of the company’s stock worth $747,801,000 after purchasing an additional 3,060,463 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of NU by 24.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company’s stock valued at $557,422,000 after purchasing an additional 10,785,851 shares during the last quarter. Norges Bank purchased a new stake in shares of NU during the 2nd quarter valued at $626,569,000. Finally, Jennison Associates LLC increased its holdings in shares of NU by 38.1% during the 2nd quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock worth $575,728,000 after buying an additional 11,567,865 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NU shares. JPMorgan Chase & Co. boosted their price target on NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. UBS Group boosted their target price on NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Citigroup upgraded shares of NU from a “sell” rating to a “buy” rating and raised their price target for the company from $9.00 to $18.00 in a report on Wednesday, August 20th. Bank of America boosted their price objective on shares of NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. Finally, Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.71.

NU Stock Performance

Shares of NU opened at $16.66 on Wednesday. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $17.84. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. The firm has a market cap of $80.30 billion, a price-to-earnings ratio of 32.68, a PEG ratio of 0.79 and a beta of 1.07. The business’s 50 day moving average is $15.94 and its two-hundred day moving average is $14.36.

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

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.