337,300 Shares in Nu Holdings Ltd. $NU Acquired by Aragon Global Management LP

Aragon Global Management LP acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 337,300 shares of the company’s stock, valued at approximately $5,400,000. NU accounts for approximately 1.7% of Aragon Global Management LP’s investment portfolio, making the stock its 20th largest holding.

A number of other large investors have also bought and sold shares of the company. Allworth Financial LP increased its stake in shares of NU by 166.6% in the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock worth $35,000 after purchasing an additional 1,601 shares in the last quarter. VSM Wealth Advisory LLC lifted its stake in shares of NU by 1,000.0% during the 3rd quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company’s stock valued at $53,000 after buying an additional 3,000 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of NU by 63.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after buying an additional 1,464 shares in the last quarter. Activest Wealth Management boosted its holdings in NU by 743.6% in the 3rd quarter. Activest Wealth Management now owns 6,285 shares of the company’s stock worth $101,000 after buying an additional 5,540 shares during the period. Finally, TD Waterhouse Canada Inc. grew its stake in NU by 694.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 6,352 shares of the company’s stock valued at $87,000 after buying an additional 5,552 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Trading Down 0.7%

Shares of NU opened at $13.88 on Friday. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $18.98. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.39. The firm’s 50-day moving average price is $16.71 and its 200-day moving average price is $16.21. The firm has a market capitalization of $66.86 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 0.55 and a beta of 1.11.

NU (NYSE:NU) last issued 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. The business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. Sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Itau BBA Securities restated an “outperform” rating on shares of NU in a research report on Tuesday, February 24th. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. Zacks Research raised NU from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. JPMorgan Chase & Co. raised their target price on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Finally, Susquehanna lifted their target price on NU from $19.00 to $22.00 and gave the company a “positive” rating in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.22.

NU 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.