Nu Holdings Ltd. $NU Stake Boosted by Hosking Partners LLP

Hosking Partners LLP increased its position in shares of Nu Holdings Ltd. (NYSE:NU) by 206.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 913,303 shares of the company’s stock after acquiring an additional 615,286 shares during the quarter. Hosking Partners LLP’s holdings in NU were worth $14,622,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. State Street Corp raised its position in NU by 2.4% during the second quarter. State Street Corp now owns 91,238,735 shares of the company’s stock valued at $1,251,795,000 after buying an additional 2,158,037 shares during the period. Sands Capital Management LLC increased its holdings in shares of NU by 5.9% in 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 purchased a new stake in shares of NU in the second quarter worth approximately $626,569,000. Jennison Associates LLC boosted its holdings in shares of NU by 38.1% during the second quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock worth $575,728,000 after purchasing an additional 11,567,865 shares during the period. Finally, Legal & General Group Plc grew its position in NU by 0.7% during the second quarter. Legal & General Group Plc now owns 28,745,580 shares of the company’s stock valued at $394,389,000 after purchasing an additional 194,423 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

NU has been the subject of a number of research reports. KeyCorp lifted their target price on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. JPMorgan Chase & Co. increased their price objective on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. UBS Group boosted their target price on NU from $16.00 to $18.40 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Finally, Susquehanna raised their price target on NU from $17.00 to $19.00 and gave the stock a “positive” rating in a research note on Friday, November 14th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.04.

NU Trading Down 2.0%

NYSE:NU opened at $17.50 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $18.37. The company’s 50 day moving average is $16.54 and its 200-day moving average is $15.03. The firm has a market cap of $84.30 billion, a price-to-earnings ratio of 34.30, a P/E/G ratio of 0.60 and a beta of 1.08.

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

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.