Campbell Capital Management Inc. Buys 180,240 Shares of Nu Holdings Ltd. $NU

Campbell Capital Management Inc. raised its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 87.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 386,240 shares of the company’s stock after buying an additional 180,240 shares during the period. NU comprises approximately 2.4% of Campbell Capital Management Inc.’s holdings, making the stock its 13th largest position. Campbell Capital Management Inc.’s holdings in NU were worth $6,184,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp increased its position in NU by 0.3% during the third quarter. State Street Corp now owns 91,478,395 shares of the company’s stock valued at $1,464,569,000 after acquiring an additional 239,660 shares during the last quarter. WCM Investment Management LLC boosted its position in NU by 0.9% in the third quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock worth $1,187,935,000 after purchasing an additional 659,526 shares during the last quarter. Sands Capital Management LLC grew its stake in shares of NU by 5.9% during the 2nd quarter. Sands Capital Management LLC now owns 54,504,428 shares of the company’s stock valued at $747,801,000 after purchasing an additional 3,060,463 shares during the period. Norges Bank bought a new stake in shares of NU during the 2nd quarter valued at about $626,569,000. Finally, Legal & General Group Plc increased its position in shares of NU by 5.0% during the 3rd quarter. Legal & General Group Plc now owns 30,176,407 shares of the company’s stock valued at $483,124,000 after purchasing an additional 1,430,827 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NU shares. Bank of America reiterated a “neutral” rating on shares of NU in a research note on Monday, March 9th. Zacks Research raised shares of NU from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. Susquehanna increased their price target on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research report on Tuesday, January 27th. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a research note on Tuesday. Finally, Weiss Ratings raised shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, NU presently has an average rating of “Moderate Buy” and an average target price of $18.22.

NU Stock Performance

Shares of NU opened at $14.26 on Wednesday. The business has a 50-day simple moving average of $16.57 and a two-hundred day simple moving average of $16.22. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $18.98. The stock has a market cap of $68.73 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 0.56 and a beta of 1.11.

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

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.