Centaurus Financial Inc. Takes $968,000 Position in Nu Holdings Ltd. $NU

Centaurus Financial Inc. purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 60,452 shares of the company’s stock, valued at approximately $968,000.

Other hedge funds have also made changes to their positions in the company. Jordan Park Group LLC boosted its position in NU by 129.3% during the 3rd quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock valued at $31,000 after purchasing an additional 1,104,421 shares during the period. Allworth Financial LP increased its position in 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 buying an additional 1,601 shares during the period. EverSource Wealth Advisors LLC increased its position in NU by 63.5% in the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock worth $52,000 after buying an additional 1,464 shares during the period. VSM Wealth Advisory LLC lifted its stake in NU by 1,000.0% in the third 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 during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its stake in NU by 694.0% in the second 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 during the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Stock Up 1.4%

NU stock opened at $14.16 on Friday. The firm’s 50-day moving average is $16.43 and its two-hundred day moving average is $16.19. The company has a market capitalization of $68.23 billion, a price-to-earnings ratio of 24.41, a price-to-earnings-growth ratio of 0.55 and a beta of 1.11. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week 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.

NU (NYSE:NU) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.55 billion. On average, analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

NU has been the subject of several analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $21.00 price target on shares of NU in a report on Thursday, December 18th. Weiss Ratings upgraded shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Itau BBA Securities reissued an “outperform” rating on shares of NU in a research note on Tuesday. Susquehanna upped their target price 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. Finally, Bank of America restated a “neutral” rating on shares of NU in a research note on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $18.26.

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.