4,518,884 Shares in Nu Holdings Ltd. $NU Purchased by Oaktree Capital Management LP

Key Points

• Oaktree Capital Management LP acquired a new stake of 4,518,884 shares in Nu Holdings Ltd. (NYSE:NU) during the third quarter, worth approximately $72.35 million and representing about 0.6% of Oaktree’s portfolio (its 22nd largest holding).
• Nu beat quarterly expectations with $0.19 EPS vs. $0.18 and revenue of $4.86 billion versus $4.55 billion, while reporting a return on equity of 30.68% and a net margin of 18.19%.
• Analyst sentiment is positive overall, with NU holding a consensus rating of "Moderate Buy" and an average price target of $18.22 after several recent upgrades and higher price targets.

Oaktree Capital Management LP acquired a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,518,884 shares of the company's stock, valued at approximately $72,347,000. NU makes up approximately 0.6% of Oaktree Capital Management LP's portfolio, making the stock its 22nd biggest holding. Oaktree Capital Management LP owned about 0.09% of NU as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Jordan Park Group LLC raised its position in NU by 129.3% in the 3rd quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company's stock worth $31,000 after purchasing an additional 1,104,421 shares during the last quarter. Allworth Financial LP boosted its position in NU by 166.6% in the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company's stock valued at $35,000 after buying an additional 1,601 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of NU by 63.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company's stock valued at $52,000 after buying an additional 1,464 shares during the period. VSM Wealth Advisory LLC increased its stake in shares of NU by 1,000.0% in the 3rd quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company's stock valued at $53,000 after buying an additional 3,000 shares during the period. Finally, TD Waterhouse Canada Inc. raised its position in shares of 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 last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Trading Up 1.3%

NU traded up $0.18 during midday trading on Friday, reaching $14.15. 3,858,340 shares of the company were exchanged, compared to its average volume of 55,485,695. The stock has a market capitalization of $68.16 billion, a P/E ratio of 24.39, a PEG ratio of 0.57 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 stock's 50-day simple moving average is $16.78 and its 200 day simple moving average is $16.21. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.56 and a current ratio of 0.58.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $4.55 billion. As a group, analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Zacks Research upgraded NU from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 9th. JPMorgan Chase & Co. lifted their price target on shares of NU from $17.00 to $18.00 and gave the stock an "overweight" rating in a research report on Thursday, November 20th. Itau BBA Securities reissued an "outperform" rating on shares of NU in a research note on Tuesday, February 24th. KeyCorp raised their price objective 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. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $21.00 target price on shares of NU in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, NU presently has an average rating of "Moderate Buy" and a consensus target price of $18.22.

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.

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