Azora Capital LP Invests $30.65 Million in Nu Holdings Ltd. $NU

Key Points

• Azora Capital LP has invested approximately $30.65 million in Nu Holdings Ltd., acquiring 2,992,760 shares, which now represents 2.1% of its total holdings.
• Nu Holdings Ltd. reported $0.14 earnings per share for the latest quarter, surpassing expectations, although revenue was slightly below analyst estimates at $3.70 billion.
• Analysts have increased their price targets for NU, with a consensus rating of "Moderate Buy" and an average price target set at $16.90.

Azora Capital LP bought a new position in Nu Holdings Ltd. (NYSE:NU - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,992,760 shares of the company's stock, valued at approximately $30,646,000. NU accounts for about 2.1% of Azora Capital LP's holdings, making the stock its 15th largest holding. Azora Capital LP owned about 0.06% of NU as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NU. NBC Securities Inc. boosted its position in shares of NU by 286,000.0% in the first quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock worth $29,000 after buying an additional 2,860 shares during the period. Capital Analysts LLC acquired a new stake in shares of NU in the first quarter worth $31,000. TFC Financial Management Inc. boosted its position in shares of NU by 74.1% in the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after buying an additional 1,325 shares during the period. WPG Advisers LLC purchased a new stake in shares of NU during the first quarter worth $38,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of NU by 51.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock worth $39,000 after acquiring an additional 1,295 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.

NU Price Performance

NYSE NU opened at $14.78 on Friday. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The stock's 50-day moving average is $13.08 and its two-hundred day moving average is $12.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market cap of $71.20 billion, a P/E ratio of 32.12, a price-to-earnings-growth ratio of 0.77 and a beta of 1.05.

NU (NYSE:NU - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. NU had a return on equity of 29.91% and a net margin of 17.90%.The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the company earned $0.12 earnings per share. On average, analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NU has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price objective on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a report on Monday, June 30th. Bank of America increased their price objective on NU from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday. Bradesco Corretora upgraded NU to an "outperform" rating and set a $17.00 price objective for the company in a report on Monday. Santander upgraded NU to a "neutral" rating in a report on Monday. Finally, Morgan Stanley reiterated an "overweight" rating on shares of NU in a report on Friday, June 13th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $16.90.

NU Company Profile

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.

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