Kodai Capital Management LP Buys New Holdings in Nu Holdings Ltd. $NU

Key Points

• Kodai Capital Management LP has purchased 1,293,955 shares of Nu Holdings Ltd. valued at approximately $13.25 million during the first quarter.
• Multiple hedge funds and institutional investors have also increased their stakes in Nu Holdings, with Canada Pension Plan Investment Board boosting its stake by 120.7%.
• Analysts have a consensus rating of "Moderate Buy" on Nu Holdings, with an average target price of $16.90, following various upgrades from firms like Bradesco Corretora and Citigroup.

Kodai Capital Management LP acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,293,955 shares of the company's stock, valued at approximately $13,250,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Clough Capital Partners L P bought a new stake in NU during the 1st quarter worth approximately $14,509,000. Canada Pension Plan Investment Board boosted its stake in shares of NU by 120.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 17,619,939 shares of the company's stock worth $180,428,000 after buying an additional 9,634,900 shares during the last quarter. WPG Advisers LLC purchased a new position in shares of NU in the 1st quarter worth approximately $38,000. State of Wyoming boosted its stake in shares of NU by 39.6% in the 1st quarter. State of Wyoming now owns 50,753 shares of the company's stock worth $520,000 after buying an additional 14,407 shares during the last quarter. Finally, LTS One Management LP purchased a new position in shares of NU in the 1st quarter worth approximately $6,912,000. 84.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Bradesco Corretora upgraded NU to an "outperform" rating and set a $17.00 target price on the stock in a research note on Monday. Morgan Stanley reiterated an "overweight" rating on shares of NU in a research note on Friday, June 13th. Susquehanna upped their price objective on NU from $15.00 to $17.00 and gave the company a "positive" rating in a research note on Wednesday. JPMorgan Chase & Co. upped their price objective on NU from $14.50 to $16.00 and gave the company an "overweight" rating in a research note on Monday, June 30th. Finally, Citigroup upgraded NU from a "sell" rating to a "buy" rating and upped their price objective for the company from $9.00 to $18.00 in a research note on Wednesday, August 20th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $16.90.

NU Price Performance

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

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

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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