Jain Global LLC Acquires 406,238 Shares of Nu Holdings Ltd. $NU

Key Points

• Jain Global LLC boosted its stake in Nu Holdings by 419.8% in Q3, acquiring 406,238 shares to hold 502,999 shares worth about $8.05 million, while institutional investors collectively own roughly 84.02% of the stock.
• Analyst sentiment is positive with a consensus rating of "Moderate Buy" and a $18.22 consensus price target, following upgrades from Santander and Zacks and higher targets from JPMorgan ($18) and Goldman Sachs ($21).
• Nu recently beat estimates with $0.19 EPS vs. $0.18 expected and $4.86B revenue vs. $4.55B, and currently trades with a market cap of about $68.6B and a 52-week range of $9.01–$18.98.

Jain Global LLC raised its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 419.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 502,999 shares of the company's stock after acquiring an additional 406,238 shares during the period. Jain Global LLC's holdings in NU were worth $8,053,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. State Street Corp increased its position in shares of NU by 2.4% in the second quarter. State Street Corp now owns 91,238,735 shares of the company's stock worth $1,251,795,000 after purchasing an additional 2,158,037 shares during the last quarter. WCM Investment Management LLC lifted its position in NU by 0.9% during the third 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 last quarter. Sands Capital Management LLC grew its stake 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 buying an additional 3,060,463 shares in the last quarter. Norges Bank purchased a new position in NU in the 2nd quarter worth approximately $626,569,000. Finally, Legal & General Group Plc increased its holdings 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 buying an additional 1,430,827 shares during the last quarter. Institutional investors own 84.02% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NU. Santander raised shares of NU from a "neutral" rating to an "outperform" rating in a report on Thursday, December 4th. Zacks Research raised NU from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 9th. Itau BBA Securities restated an "outperform" rating on shares of NU in a research report on Tuesday, February 24th. JPMorgan Chase & Co. lifted their price target on NU from $17.00 to $18.00 and gave the stock an "overweight" rating in a research note on Thursday, November 20th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $21.00 price objective on shares of NU in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $18.22.

NU Stock Performance

NYSE:NU opened at $14.25 on Tuesday. The firm has a market cap of $68.64 billion, a PE ratio of 24.56, a price-to-earnings-growth ratio of 0.54 and a beta of 1.11. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $18.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.56 and a current ratio of 0.58. The business has a 50 day moving average price of $16.64 and a 200-day moving average price of $16.23.

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