12 West Capital Management LP Makes New Investment in Nu Holdings Ltd. $NU

Key Points

• 12 West Capital Management LP acquired a stake in Nu Holdings Ltd. by purchasing 1,375,000 shares valued at approximately $14,080,000, making NU 2.1% of their holdings.
• Nu Holdings reported a Q2 earnings per share of $0.14, exceeding analyst expectations, although their revenue was slightly below estimates at $3.70 billion.
• Several investment firms have raised their price targets for NU, with UBS Group setting a new target of $15.60 and Citigroup upgrading from a "sell" to a "buy" rating with a target of $18.00.

12 West Capital Management LP acquired a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,375,000 shares of the company's stock, valued at approximately $14,080,000. NU accounts for 2.1% of 12 West Capital Management LP's investment portfolio, making the stock its 14th biggest position.

A number of other institutional investors also recently bought and sold shares of the business. Baillie Gifford & Co. increased its position in NU by 17.9% in the 1st quarter. Baillie Gifford & Co. now owns 265,160,474 shares of the company's stock valued at $2,715,243,000 after acquiring an additional 40,181,132 shares during the period. Price T Rowe Associates Inc. MD increased its position in NU by 24.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company's stock valued at $557,422,000 after acquiring an additional 10,785,851 shares during the period. Kontiki Capital Management HK Ltd. increased its position in NU by 54.3% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company's stock valued at $333,575,000 after acquiring an additional 11,465,700 shares during the period. Northern Trust Corp increased its position in NU by 9.3% in the 1st quarter. Northern Trust Corp now owns 27,869,591 shares of the company's stock valued at $285,385,000 after acquiring an additional 2,373,500 shares during the period. Finally, Ribbit Management Company LLC increased its position in NU by 22.1% in the 4th quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company's stock valued at $261,525,000 after acquiring an additional 4,575,000 shares during the period. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Santander upgraded shares of NU to a "neutral" rating in a research note on Monday, August 25th. Susquehanna raised their target price on shares of NU from $15.00 to $17.00 and gave the stock a "positive" rating in a research note on Wednesday, August 27th. JPMorgan Chase & Co. raised their target price on shares of NU from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Friday. UBS Group raised their target price on shares of NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a research note on Tuesday, September 2nd. Finally, Bradesco Corretora raised shares of NU to an "outperform" rating and set a $17.00 price target on the stock in a research note on Monday, August 25th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.06.

NU Price Performance

NYSE NU traded down $0.12 during trading hours on Friday, reaching $14.75. The company's stock had a trading volume of 49,800,685 shares, compared to its average volume of 54,683,128. The stock has a market cap of $71.06 billion, a PE ratio of 32.06, a PEG ratio of 0.77 and a beta of 1.07. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The company's 50-day moving average is $13.31 and its two-hundred day moving average is $12.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The firm had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same period in the prior year, the company earned $0.12 EPS. Analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.