Advent International L.P. Has $154.11 Million Holdings in Nu Holdings Ltd. $NU

Key Points

• Advent International L.P. increased its holdings in Nu Holdings Ltd. by 8.0% during the first quarter, owning over 15 million shares valued at approximately $154 million.
• Nu Holdings recently reported an earnings per share (EPS) of $0.14 for the quarter, exceeding estimates and revealing a revenue of $3.70 billion.
• Multiple analysts upgraded NU's stock rating to "outperform", with price targets ranging from $17.00 to $18.00, indicating a generally positive outlook among market observers.

Advent International L.P. increased its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 8.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,049,959 shares of the company's stock after purchasing an additional 1,109,000 shares during the quarter. NU accounts for about 4.9% of Advent International L.P.'s investment portfolio, making the stock its 6th largest holding. Advent International L.P. owned about 0.31% of NU worth $154,112,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NU. NBC Securities Inc. boosted its holdings in shares of NU by 286,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock valued at $29,000 after buying an additional 2,860 shares during the period. Capital Analysts LLC bought a new position in shares of NU during the first quarter valued at approximately $31,000. TFC Financial Management Inc. grew its position in shares of NU by 74.1% during the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after acquiring an additional 1,325 shares during the last quarter. WPG Advisers LLC acquired a new position in NU during the 1st quarter worth $38,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of NU by 51.4% during 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 in the last quarter. Institutional investors own 84.02% of the company's stock.

Analysts Set New Price Targets

NU has been the subject of a number of recent analyst reports. Susquehanna increased their target price on shares of NU from $15.00 to $17.00 and gave the company a "positive" rating in a research report on Wednesday, August 27th. 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 report on Monday, August 18th. JPMorgan Chase & Co. boosted their target price on NU from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Friday. 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 report on Wednesday, August 20th. Finally, UBS Group lifted their target price on NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a report on Tuesday, September 2nd. 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $17.06.

NU Stock Down 0.8%

NU stock traded down $0.12 during trading hours on Friday, hitting $14.75. The company had a trading volume of 49,800,685 shares, compared to its average volume of 54,683,128. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $71.06 billion, a P/E ratio of 32.06, a price-to-earnings-growth ratio of 0.77 and a beta of 1.07. The firm's fifty day moving average is $13.31 and its 200-day moving average is $12.23.

NU (NYSE:NU - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same quarter last year, the business posted $0.12 EPS. On average, research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current 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.