Aubrey Capital Management Ltd Takes $18.81 Million Position in Nu Holdings Ltd. $NU

Key Points

• Aubrey Capital Management opened a new position in Nu Holdings, buying 1,123,500 shares worth about $18.81 million. The stake now represents 7.4% of Aubrey’s portfolio, making NU its third-largest holding.
• Nu Holdings recently reported better-than-expected quarterly results, posting EPS of $0.19 versus $0.18 expected and revenue of $4.86 billion versus $4.55 billion estimated. The company also showed strong profitability with a 30.68% return on equity.
• Analyst sentiment remains positive overall, with 12 Buy ratings and 2 Hold ratings and a consensus price target of $18.46. However, CEO Cristina Helena Zing Junqueira sold 300,000 shares in March, reducing her stake by 11.48%.

Aubrey Capital Management Ltd acquired a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,123,500 shares of the company's stock, valued at approximately $18,809,000. NU makes up 7.4% of Aubrey Capital Management Ltd's holdings, making the stock its 3rd biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bensler LLC purchased a new stake in shares of NU in the fourth quarter valued at approximately $2,076,000. LRI Investments LLC boosted its stake in shares of NU by 21.9% in the fourth quarter. LRI Investments LLC now owns 33,209 shares of the company's stock worth $556,000 after acquiring an additional 5,969 shares during the last quarter. NewEdge Wealth LLC boosted its stake in shares of NU by 1.3% in the fourth quarter. NewEdge Wealth LLC now owns 67,298 shares of the company's stock worth $1,127,000 after acquiring an additional 888 shares during the last quarter. Investment Management Associates Inc. ADV boosted its stake in shares of NU by 86.4% in the fourth quarter. Investment Management Associates Inc. ADV now owns 928,723 shares of the company's stock worth $15,547,000 after acquiring an additional 430,383 shares during the last quarter. Finally, Manning & Napier Advisors LLC boosted its stake in shares of NU by 107.4% in the fourth quarter. Manning & Napier Advisors LLC now owns 11,379,674 shares of the company's stock worth $192,089,000 after acquiring an additional 5,892,092 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Stock Performance

NYSE NU opened at $13.79 on Monday. Nu Holdings Ltd. has a fifty-two week low of $11.71 and a fifty-two week high of $18.98. The stock's fifty day moving average is $14.57 and its two-hundred day moving average is $15.99. The firm has a market capitalization of $66.94 billion, a P/E ratio of 23.77, a price-to-earnings-growth ratio of 0.56 and a beta of 1.01. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 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 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 business had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.55 billion. On average, research analysts anticipate that Nu Holdings Ltd. will post 0.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Weiss Ratings raised NU from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, February 18th. Zacks Research lowered NU from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 24th. UBS Group raised NU from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $17.20 to $17.60 in a research note on Thursday, March 19th. Susquehanna boosted their price objective on NU from $19.00 to $22.00 and gave the stock a "positive" rating in a research note on Tuesday, January 27th. Finally, CICC Research assumed coverage on NU in a research note on Tuesday, April 14th. They set an "outperform" rating and a $18.00 price objective on the stock. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $18.46.

Insider Activity at NU

In other news, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the company's stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $14.81, for a total value of $4,443,000.00. Following the transaction, the chief executive officer owned 2,312,338 shares of the company's stock, valued at $34,245,725.78. This represents a 11.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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.

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