Avala Global LP Has $77.02 Million Stake in Nu Holdings Ltd. $NU

Key Points

• Avala Global LP raised its position in Nu Holdings by 229.4% in Q3, adding 3,350,300 shares to hold 4,810,600 shares worth about $77.02 million, which is 3.2% of Avala’s portfolio and roughly 0.10% of NU.
• Nu reported a quarterly beat with $0.19 EPS vs. $0.18 expected and revenue of $4.86 billion (vs. $4.55B), along with a high return on equity (30.68%) and an 18.19% net margin.
• Analysts have been upgrading NU, leaving a MarketBeat consensus rating of “Moderate Buy” and an average price target of $18.22.

Avala Global LP raised its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 229.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,810,600 shares of the company's stock after acquiring an additional 3,350,300 shares during the quarter. NU comprises 3.2% of Avala Global LP's investment portfolio, making the stock its 15th biggest holding. Avala Global LP owned about 0.10% of NU worth $77,018,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Jordan Park Group LLC raised its position in shares of 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 acquiring an additional 1,104,421 shares in the last quarter. Allworth Financial LP boosted its position in shares of NU by 166.6% during the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company's stock valued at $35,000 after purchasing an additional 1,601 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in NU by 63.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company's stock worth $52,000 after purchasing an additional 1,464 shares during the period. VSM Wealth Advisory LLC grew its stake in NU by 1,000.0% during the third quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company's stock worth $53,000 after purchasing an additional 3,000 shares during the period. Finally, TD Waterhouse Canada Inc. increased its holdings in NU by 694.0% in the second quarter. TD Waterhouse Canada Inc. now owns 6,352 shares of the company's stock worth $87,000 after purchasing an additional 5,552 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NU has been the topic of several recent analyst reports. Weiss Ratings raised NU from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, February 18th. Santander upgraded shares of NU from a "neutral" rating to an "outperform" rating in a research note on Thursday, December 4th. JPMorgan Chase & Co. boosted their target price on shares of NU from $17.00 to $18.00 and gave the company an "overweight" rating in a research report on Thursday, November 20th. The Goldman Sachs Group reissued a "buy" rating and set a $21.00 target price on shares of NU in a research note on Thursday, December 18th. Finally, Zacks Research upgraded shares of NU from a "hold" rating to a "strong-buy" rating in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, NU currently has an average rating of "Moderate Buy" and a consensus price target of $18.22.

NU Stock Down 0.7%

NU stock opened at $13.88 on Friday. The firm 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. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $18.98. The stock's 50 day moving average is $16.71 and its 200-day moving average is $16.22.

NU (NYSE:NU - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. The business had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.55 billion. NU had a return on equity of 30.68% and a net margin of 18.19%. Sell-side analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding NU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nu Holdings Ltd. (NYSE:NU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.