Moore Capital Management LP Acquires Shares of 3,462,251 Nu Holdings Ltd. $NU

Key Points

• Moore Capital Management LP opened a new position in Nu Holdings, buying 3,462,251 shares (~$55.43M) in Q3, which equals about 0.8% of its portfolio and made NU its 21st-largest holding; Moore owned roughly 0.07% of NU at quarter-end.
• Nu delivered a quarterly beat (EPS $0.19 vs. $0.18; revenue $4.86B vs. $4.55B), showing strong profitability (ROE 30.68%, net margin 18.19%), and analysts carry a consensus "Moderate Buy" with a $18.22 target.

Moore Capital Management LP bought a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,462,251 shares of the company's stock, valued at approximately $55,431,000. NU comprises approximately 0.8% of Moore Capital Management LP's investment portfolio, making the stock its 21st biggest position. Moore Capital Management LP owned approximately 0.07% of NU at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. lifted its stake in NU by 14.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,695,159 shares of the company's stock worth $219,259,000 after purchasing an additional 1,703,787 shares in the last quarter. Washington University grew its position in shares of NU by 1.5% in the third quarter. Washington University now owns 10,566,927 shares of the company's stock valued at $169,177,000 after purchasing an additional 158,731 shares in the last quarter. Mawer Investment Management Ltd. purchased a new stake in shares of NU in the third quarter valued at approximately $10,829,000. WCM Investment Management LLC increased its holdings in shares of NU by 0.9% in 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. Finally, Liontrust Investment Partners LLP acquired a new stake in shares of NU in the second quarter valued at approximately $4,490,000. Hedge funds and other institutional investors own 84.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NU. Bank of America reissued a "neutral" rating on shares of NU in a research note on Monday, March 9th. Santander raised NU from a "neutral" rating to an "outperform" rating in a research note on Thursday, December 4th. Susquehanna lifted their price target on NU from $19.00 to $22.00 and gave the stock a "positive" rating in a report on Tuesday, January 27th. UBS Group lowered their price target on shares of NU from $18.40 to $17.20 and set a "neutral" rating on the stock in a research report on Wednesday, March 4th. Finally, Itau BBA Securities reissued an "outperform" rating on shares of NU in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.22.

NU Stock Up 2.6%

NU stock opened at $14.25 on Tuesday. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $18.98. The firm has a market cap of $68.64 billion, a PE ratio of 24.56, a PEG ratio of 0.54 and a beta of 1.11. The firm's 50 day moving average price is $16.64 and its 200-day moving average price is $16.23. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.56 and a current ratio of 0.58.

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