SPX Gestao de Recursos Ltda Purchases Shares of 654,165 Nu Holdings Ltd. $NU

SPX Gestao de Recursos Ltda acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 654,165 shares of the company’s stock, valued at approximately $10,473,000. NU makes up about 0.9% of SPX Gestao de Recursos Ltda’s portfolio, making the stock its 25th largest holding.

Other hedge funds have also recently made changes to their positions in the company. Allworth Financial LP increased its position in shares of NU by 166.6% during the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock worth $35,000 after acquiring an additional 1,601 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in NU during the 2nd quarter valued at about $38,000. EverSource Wealth Advisors LLC increased its holdings in NU by 63.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock worth $52,000 after purchasing an additional 1,464 shares in the last quarter. Activest Wealth Management raised its stake in shares of NU by 743.6% in the third quarter. Activest Wealth Management now owns 6,285 shares of the company’s stock worth $101,000 after purchasing an additional 5,540 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its holdings in shares of 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 purchasing an additional 5,552 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Weiss Ratings upgraded NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. KeyCorp raised their price target on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Santander upgraded shares of NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. Itau BBA Securities restated an “outperform” rating on shares of NU in a research note on Tuesday, February 24th. Finally, Susquehanna increased their price target on NU from $19.00 to $22.00 and gave the company a “positive” rating in a research 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 stock. According to MarketBeat.com, NU has an average rating of “Moderate Buy” and an average target price of $18.22.

NU Stock Performance

Shares of NU stock opened at $14.55 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.56 and a current ratio of 0.58. The firm has a market cap of $70.09 billion, a price-to-earnings ratio of 25.08, a P/E/G ratio of 0.48 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 firm’s 50-day simple moving average is $16.95 and its two-hundred day simple moving average is $16.18.

NU (NYSE:NU) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. The company 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%. As a group, equities analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share 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.