BW Gestao de Investimentos Ltda. Purchases Shares of 300,000 Nu Holdings Ltd. $NU

BW Gestao de Investimentos Ltda. purchased a new position in Nu Holdings Ltd. (NYSE:NU) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 300,000 shares of the company’s stock, valued at approximately $4,803,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NU. Rathbones Group PLC increased its stake in NU by 119.0% in the 2nd quarter. Rathbones Group PLC now owns 147,590 shares of the company’s stock worth $2,025,000 after buying an additional 80,200 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of NU in the second quarter valued at about $39,848,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of NU by 14.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,695,159 shares of the company’s stock valued at $219,259,000 after acquiring an additional 1,703,787 shares in the last quarter. Washington University boosted its stake in shares of NU by 1.5% in the third quarter. Washington University now owns 10,566,927 shares of the company’s stock worth $169,177,000 after acquiring an additional 158,731 shares during the period. Finally, Mawer Investment Management Ltd. bought a new position in shares of NU in the third quarter worth about $10,829,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Stock Performance

NYSE:NU opened at $14.68 on Tuesday. The firm has a market capitalization of $70.73 billion, a PE ratio of 25.31, a PEG ratio of 0.47 and a beta of 1.11. The stock’s fifty day moving average is $16.92 and its 200 day moving average is $16.23. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $18.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.56 and a current ratio of 0.58.

NU (NYSE:NU) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. NU had a net margin of 18.19% and a return on equity of 30.68%. The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.55 billion. On average, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NU. JPMorgan Chase & Co. lifted their target price on NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. The Goldman Sachs Group restated a “buy” rating and issued a $21.00 price target on shares of NU in a research note on Thursday, December 18th. Bank of America reaffirmed a “neutral” rating on shares of NU in a report on Monday. Susquehanna lifted their price objective on shares of NU from $19.00 to $22.00 and gave the company a “positive” rating in a research report on Tuesday, January 27th. Finally, UBS Group lowered their target price on shares of NU from $18.40 to $17.20 and set a “neutral” rating on the stock in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.22.

NU Company Profile

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.