Banco BTG Pactual S.A. Takes Position in Nu Holdings Ltd. $NU

Key Points

• Banco BTG Pactual S.A. has acquired 565,368 shares of Nu Holdings Ltd., totaling around $5.79 million, making it the 20th largest holding in their portfolio.
• Nu Holdings recently reported an earnings per share of $0.14, exceeding expectations, while analysts forecast an average EPS of 0.58 for the current fiscal year.
• The stock has a market cap of $63.22 billion and has been upgraded by several analysts, reflecting a general positive outlook with a consensus rating of "Moderate Buy."

Banco BTG Pactual S.A. acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 565,368 shares of the company's stock, valued at approximately $5,789,000. NU makes up approximately 1.4% of Banco BTG Pactual S.A.'s portfolio, making the stock its 20th biggest holding.

Other hedge funds have also recently modified their holdings of the company. NBC Securities Inc. increased its holdings in shares of NU by 286,000.0% during the first quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock valued at $29,000 after acquiring an additional 2,860 shares in the last quarter. Capital Analysts LLC acquired a new position in shares of NU during the first quarter valued at about $31,000. TFC Financial Management Inc. increased its holdings in shares of NU by 74.1% during the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock valued at $32,000 after acquiring an additional 1,325 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased 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 valued at $39,000 after acquiring an additional 1,295 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. increased its holdings in shares of NU by 43.6% during the first quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock valued at $42,000 after acquiring an additional 1,250 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NU shares. Morgan Stanley reiterated an "overweight" rating on shares of NU in a report on Friday, June 13th. Susquehanna increased their price target on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Wednesday, May 14th. Citigroup upgraded shares of NU from a "sell" rating to a "buy" rating and increased their price target for the stock from $9.00 to $18.00 in a report on Wednesday. JPMorgan Chase & Co. increased their price target on shares of NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a report on Monday, June 30th. Finally, Itau BBA Securities upgraded shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 price target on the stock in a report on Monday, August 18th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, NU has an average rating of "Moderate Buy" and an average price target of $16.56.

NU Stock Performance

NU stock traded up $0.2650 during mid-day trading on Friday, hitting $13.9350. The company had a trading volume of 57,567,197 shares, compared to its average volume of 50,015,344. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The company's fifty day moving average is $12.91 and its 200-day moving average is $12.16. The company has a market capitalization of $67.15 billion, a price-to-earnings ratio of 30.29, a P/E/G ratio of 0.80 and a beta of 1.05.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.14 EPS for the quarter, topping 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 business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the prior year, the firm posted $0.12 EPS. Equities research analysts predict 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.