Avala Global LP Purchases 3,350,300 Shares of Nu Holdings Ltd. $NU

Avala Global LP boosted its position in Nu Holdings Ltd. (NYSE:NU) by 229.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,810,600 shares of the company’s stock after purchasing an additional 3,350,300 shares during the period. NU comprises 3.2% of Avala Global LP’s investment portfolio, making the stock its 15th biggest position. Avala Global LP’s holdings in NU were worth $77,018,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NU. Jordan Park Group LLC lifted its position in shares of NU by 129.3% during the 3rd quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock worth $31,000 after buying an additional 1,104,421 shares in the last quarter. Allworth Financial LP grew its holdings in shares of NU by 166.6% in the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $35,000 after acquiring an additional 1,601 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of NU by 63.5% during 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. VSM Wealth Advisory LLC increased its position in shares of NU by 1,000.0% during the third quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company’s stock valued at $53,000 after acquiring an additional 3,000 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its holdings in NU by 694.0% during the second quarter. TD Waterhouse Canada Inc. now owns 6,352 shares of the company’s stock worth $87,000 after acquiring an additional 5,552 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Down 0.7%

Shares of NYSE NU opened at $13.88 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.58 and a quick ratio of 0.56. The stock has a market capitalization of $66.86 billion, a PE ratio of 23.92, a P/E/G ratio of 0.54 and a beta of 1.11. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $18.98. The business’s fifty day moving average price is $16.71 and its 200-day moving average price is $16.22.

NU (NYSE:NU) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. NU had a return on equity of 30.68% and a net margin of 18.19%.The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.55 billion. On average, equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Ratings Changes

NU has been the subject of a number of recent analyst reports. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. JPMorgan Chase & Co. lifted their target price on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. UBS Group cut their price target on shares of NU from $18.40 to $17.20 and set a “neutral” rating on the stock in a report on Wednesday, March 4th. Itau BBA Securities restated an “outperform” rating on shares of NU in a research report on Tuesday, February 24th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $21.00 price objective on shares of NU in a report on Thursday, December 18th. 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.22.

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.