Gordian Capital Singapore Pte Ltd Makes New $1.92 Million Investment in Nu Holdings Ltd. $NU

Key Points

• Gordian Capital Singapore bought a new stake of 120,000 shares in Nu Holdings Ltd. valued at about $1.92 million, making NU its 8th largest holding (≈2.6% of the fund).
• Institutional ownership is high at 84.02%, with major investors like State Street (91.2M shares, ~$1.25B), WCM, Sands Capital and Norges Bank either increasing or initiating large positions in NU.
• Analyst sentiment is positive overall—MarketBeat shows a "Moderate Buy" consensus and a $18.22 average price target—supported by a recent quarter where NU beat estimates with $0.19 EPS and $4.86B revenue.

Gordian Capital Singapore Pte Ltd bought a new stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 120,000 shares of the company's stock, valued at approximately $1,921,000. NU accounts for about 2.6% of Gordian Capital Singapore Pte Ltd's holdings, making the stock its 8th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NU. State Street Corp boosted its holdings in NU by 2.4% in the second quarter. State Street Corp now owns 91,238,735 shares of the company's stock valued at $1,251,795,000 after acquiring an additional 2,158,037 shares in the last quarter. WCM Investment Management LLC increased its position in NU by 0.9% during the 3rd quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company's stock valued at $1,187,935,000 after purchasing an additional 659,526 shares during the period. Sands Capital Management LLC raised its holdings in NU by 5.9% in the 2nd quarter. Sands Capital Management LLC now owns 54,504,428 shares of the company's stock worth $747,801,000 after purchasing an additional 3,060,463 shares in the last quarter. Norges Bank bought a new position in NU in the 2nd quarter worth $626,569,000. Finally, Legal & General Group Plc lifted its position in shares of NU by 5.0% in the 3rd quarter. Legal & General Group Plc now owns 30,176,407 shares of the company's stock worth $483,124,000 after purchasing an additional 1,430,827 shares during the period. Institutional investors own 84.02% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NU. JPMorgan Chase & Co. lifted their target price on shares of NU from $17.00 to $18.00 and gave the company an "overweight" rating in a research note on Thursday, November 20th. Santander upgraded shares of NU from a "neutral" rating to an "outperform" rating in a report on Thursday, December 4th. KeyCorp lifted their price objective on NU from $15.00 to $19.00 and gave the company an "overweight" rating in a research report on Friday, November 14th. UBS Group reduced their target price on NU from $18.40 to $17.20 and set a "neutral" rating on the stock in a report on Wednesday, March 4th. Finally, Bank of America reissued a "neutral" rating on shares of NU in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $18.22.

NU Stock Performance

Shares of NU stock opened at $14.87 on Wednesday. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $18.98. The firm's 50-day moving average is $16.88 and its 200 day moving average is $16.24. The stock has a market cap of $71.63 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 0.47 and a beta of 1.11. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.58 and a quick ratio of 0.56.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.01. The business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. Sell-side analysts anticipate 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.

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