SPX Gestao de Recursos Ltda Acquires New Stake in Nu Holdings Ltd. $NU

SPX Gestao de Recursos Ltda bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 654,165 shares of the company’s stock, valued at approximately $10,473,000. NU comprises approximately 0.9% of SPX Gestao de Recursos Ltda’s investment portfolio, making the stock its 25th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP raised 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 during the last quarter. Atlantic Union Bankshares Corp bought a new stake in NU in the second quarter valued at approximately $38,000. EverSource Wealth Advisors LLC boosted its holdings in NU by 63.5% in the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after acquiring an additional 1,464 shares during the last quarter. Activest Wealth Management increased its position in NU by 743.6% during the 3rd quarter. Activest Wealth Management now owns 6,285 shares of the company’s stock valued at $101,000 after purchasing an additional 5,540 shares during the period. Finally, TD Waterhouse Canada Inc. increased its position in NU by 694.0% during the 2nd 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 during the period. Institutional investors own 84.02% of the company’s stock.

NU Stock Down 1.8%

Shares of NYSE NU opened at $14.55 on Friday. 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 firm has a market cap of $70.09 billion, a PE ratio of 25.08, a P/E/G ratio of 0.48 and a beta of 1.11. The company’s fifty day simple moving average is $16.95 and its 200 day simple moving average is $16.18. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $18.98.

NU (NYSE:NU) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The firm 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, sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NU shares. Santander upgraded shares of NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. UBS Group dropped their target price on shares of NU from $18.40 to $17.20 and set a “neutral” rating on the stock in a report on Wednesday. KeyCorp upped 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. Weiss Ratings upgraded NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $21.00 price objective on shares of NU in a research report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.22.

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.