LTS One Management LP Makes New Investment in Nu Holdings Ltd. $NU

Key Points

• LTS One Management LP made a new investment of approximately $6.91 million in Nu Holdings Ltd., purchasing 675,000 shares, which represents around 2.1% of its investment portfolio.
• Several hedge funds have increased their stakes in Nu Holdings, with NBC Securities Inc. raising its position by an extraordinary 286,000% in the first quarter.
• Analysts have a positive outlook on Nu Holdings, with nine analysts rating it as a Buy and three as Hold, alongside a target price increase from banks such as JPMorgan and Bank of America.

LTS One Management LP acquired a new position in Nu Holdings Ltd. (NYSE:NU - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 675,000 shares of the company's stock, valued at approximately $6,912,000. NU comprises about 2.1% of LTS One Management LP's portfolio, making the stock its 19th biggest position.

Other large investors also recently added to or reduced their stakes in the company. NBC Securities Inc. increased its holdings in NU by 286,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock worth $29,000 after acquiring an additional 2,860 shares during the last quarter. Capital Analysts LLC purchased a new stake in NU in the 1st quarter worth about $31,000. TFC Financial Management Inc. grew its holdings in NU by 74.1% during the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock valued at $32,000 after buying an additional 1,325 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in NU by 51.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock valued at $39,000 after buying an additional 1,295 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. grew its holdings in NU by 43.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock valued at $42,000 after buying an additional 1,250 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NU. Itau BBA Securities raised NU from a "market perform" rating to an "outperform" rating and set a $18.00 target price for the company in a report on Monday, August 18th. Bradesco Corretora raised NU to an "outperform" rating and set a $17.00 target price for the company in a report on Monday, August 25th. Bank of America lifted their target price on NU from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Monday, August 25th. Santander raised NU to a "neutral" rating in a report on Monday, August 25th. Finally, Susquehanna lifted their target price on NU from $15.00 to $17.00 and gave the company a "positive" rating in a report on Wednesday. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $16.90.

NU Price Performance

Shares of NYSE NU traded up $0.04 during midday trading on Friday, hitting $14.81. 37,347,665 shares of the company's stock were exchanged, compared to its average volume of 54,728,864. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. The company has a market cap of $71.34 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 0.78 and a beta of 1.05. The business's fifty day moving average price is $13.14 and its two-hundred day moving average price is $12.19.

NU (NYSE:NU - Get Free Report) last issued 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 company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the firm earned $0.12 earnings per share. As a group, research analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

NU 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.