Fortis Capital Advisors LLC Acquires 34,828 Shares of Nu Holdings Ltd. $NU

Fortis Capital Advisors LLC boosted its holdings in Nu Holdings Ltd. (NYSE:NU) by 73.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,054 shares of the company’s stock after purchasing an additional 34,828 shares during the quarter. Fortis Capital Advisors LLC’s holdings in NU were worth $1,314,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NU. Vanguard Personalized Indexing Management LLC boosted its position in shares of NU by 20.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 76,883 shares of the company’s stock worth $1,231,000 after acquiring an additional 12,831 shares during the last quarter. Milestones Administradora de Recursos Ltda. lifted its stake in NU by 25.9% in the 3rd quarter. Milestones Administradora de Recursos Ltda. now owns 1,867,614 shares of the company’s stock worth $29,900,000 after purchasing an additional 383,614 shares in the last quarter. Orion Capital Management LLC boosted its holdings in shares of NU by 39.2% during the 3rd quarter. Orion Capital Management LLC now owns 21,300 shares of the company’s stock valued at $341,000 after purchasing an additional 6,000 shares during the last quarter. Resona Asset Management Co. Ltd. grew its position in shares of NU by 0.7% during the third quarter. Resona Asset Management Co. Ltd. now owns 907,648 shares of the company’s stock valued at $14,524,000 after purchasing an additional 6,226 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of NU by 28.2% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,521,103 shares of the company’s stock worth $120,413,000 after purchasing an additional 1,652,321 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Stock Up 0.7%

NYSE:NU opened at $18.17 on Tuesday. The company has a market cap of $87.56 billion, a price-to-earnings ratio of 35.63, a price-to-earnings-growth ratio of 0.59 and a beta of 1.08. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $18.37. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. The stock has a fifty day simple moving average of $16.86 and a 200-day simple moving average of $15.40.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. KeyCorp upped their price objective on NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. The Goldman Sachs Group reiterated a “buy” rating and set a $21.00 target price on shares of NU in a research report on Thursday, December 18th. Santander upgraded shares of NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. Finally, UBS Group raised their target price on shares of NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.04.

About NU

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.