NZS Capital LLC Purchases 637,442 Shares of Nu Holdings Ltd. $NU

NZS Capital LLC increased its position in Nu Holdings Ltd. (NYSE:NU) by 26.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,038,126 shares of the company’s stock after purchasing an additional 637,442 shares during the quarter. NU makes up 1.5% of NZS Capital LLC’s portfolio, making the stock its 27th biggest position. NZS Capital LLC owned 0.06% of NU worth $48,640,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Rathbones Group PLC raised its stake in NU by 119.0% during 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 during the period. Itau Unibanco Holding S.A. acquired a new position in NU in the second quarter valued at about $39,848,000. Sumitomo Mitsui Trust Group Inc. increased its holdings 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 worth $219,259,000 after acquiring an additional 1,703,787 shares in the last quarter. Washington University raised its position in shares of NU by 1.5% during the third quarter. Washington University now owns 10,566,927 shares of the company’s stock worth $169,177,000 after purchasing an additional 158,731 shares during the period. Finally, Mawer Investment Management Ltd. acquired a new stake in shares of NU during the third quarter worth about $10,829,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NU has been the subject of several research analyst reports. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. KeyCorp lifted their price target 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. UBS Group upped their price target on shares of NU from $16.00 to $18.40 and gave the company a “neutral” rating in a report on Thursday, December 4th. Zacks Research raised shares of NU from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. Finally, Itau BBA Securities restated an “outperform” rating on shares of NU in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, NU currently has an average rating of “Moderate Buy” and an average target price of $18.34.

NU Trading Down 2.9%

NYSE:NU opened at $14.76 on Wednesday. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $18.98. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average price of $17.07 and a two-hundred day moving average price of $16.19. The company has a market cap of $71.10 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 0.49 and a beta of 1.11.

NU (NYSE:NU) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $4.86 billion for 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%. As a group, analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal 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.