Nu Holdings Ltd. $NU is Sands Capital Ventures LLC's 2nd Largest Position

Key Points

• Sands Capital Ventures LLC increased its stake in Nu Holdings Ltd. by 2.0%, now holding 7,164,355 shares, which makes up approximately 17.9% of their investment portfolio, valued at $73.36 million.
• Nu Holdings Ltd. saw a 3.7% increase in share price, opening at $13.6040, with a market cap of $65.55 billion and a PE ratio of 29.57.
• Analysts have given Nu Holdings Ltd. an average price target of $16.56, with an overall rating of "Moderate Buy" based on multiple upgrades from firms including Citigroup and Barclays.

Sands Capital Ventures LLC lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,164,355 shares of the company's stock after buying an additional 143,196 shares during the period. NU makes up approximately 17.9% of Sands Capital Ventures LLC's holdings, making the stock its 2nd largest position. Sands Capital Ventures LLC owned approximately 0.15% of NU worth $73,363,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. NBC Securities Inc. boosted its stake in shares of NU by 286,000.0% during the first quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock worth $29,000 after buying an additional 2,860 shares during the period. Capital Analysts LLC acquired a new stake in shares of NU during the first quarter worth about $31,000. TFC Financial Management Inc. lifted its position in NU by 74.1% in the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock valued at $32,000 after purchasing an additional 1,325 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in NU by 51.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock valued at $39,000 after purchasing an additional 1,295 shares during the period. Finally, Richards Merrill & Peterson Inc. lifted its position in NU by 43.6% in the first quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock valued at $42,000 after purchasing an additional 1,250 shares during the period. Institutional investors and hedge funds own 84.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NU. Santander upgraded shares of NU to a "neutral" rating in a research report on Monday. Itau BBA Securities upgraded shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 price objective for the company in a research report on Monday, August 18th. Morgan Stanley reiterated an "overweight" rating on shares of NU in a research report on Friday, June 13th. Bradesco Corretora upgraded shares of NU to an "outperform" rating and set a $17.00 price target for the company in a research report on Monday. Finally, Citigroup upgraded shares of NU from a "sell" rating to a "buy" rating and lifted their price target for the company from $9.00 to $18.00 in a research report on Wednesday, August 20th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $16.70.

NU Price Performance

Shares of NU traded down $0.03 during mid-day trading on Tuesday, reaching $14.21. 23,979,394 shares of the company's stock were exchanged, compared to its average volume of 57,109,535. 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 company has a 50-day simple moving average of $12.94 and a two-hundred day simple moving average of $12.16. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. The company has a market cap of $68.45 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 0.80 and a beta of 1.05.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data 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. NU had a net margin of 17.90% and a return on equity of 29.91%. The business had revenue of $3.70 billion during the quarter, compared to analysts' expectations of $3.78 billion. During the same period last year, the company posted $0.12 EPS. On average, sell-side analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

About NU

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.