Sylebra Capital LLC Raises Position in Nu Holdings Ltd. $NU

Key Points

• Sylebra Capital LLC increased its stake in Nu Holdings Ltd. by 51.0% in the first quarter, acquiring an additional 1,201,449 shares, which now represent 1.8% of its portfolio.
• More than 84.02% of Nu Holdings' stock is owned by institutional investors, indicating a significant backing from major funds.
• The company recently reported $0.14 EPS for the quarter, surpassing analysts' expectations, and it has a current average rating of "Moderate Buy" with a consensus target price of $17.06.

Sylebra Capital LLC boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 51.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 3,555,632 shares of the company's stock after purchasing an additional 1,201,449 shares during the period. NU makes up 1.8% of Sylebra Capital LLC's investment portfolio, making the stock its 13th largest holding. Sylebra Capital LLC owned about 0.07% of NU worth $36,410,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. GAMMA Investing LLC increased its position in NU by 2,069.9% in the 1st quarter. GAMMA Investing LLC now owns 72,192 shares of the company's stock valued at $7,050,000 after acquiring an additional 68,865 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of NU in the first quarter valued at approximately $113,000. Cetera Investment Advisers increased its stake in NU by 6.0% in the 4th quarter. Cetera Investment Advisers now owns 194,295 shares of the company's stock valued at $2,013,000 after buying an additional 10,955 shares during the period. SG Americas Securities LLC lifted its stake in shares of NU by 212.1% in the 1st quarter. SG Americas Securities LLC now owns 83,401 shares of the company's stock worth $854,000 after acquiring an additional 56,682 shares during the period. Finally, Unison Asset Management LLC increased its stake in shares of NU by 3.1% during the first quarter. Unison Asset Management LLC now owns 1,261,650 shares of the company's stock worth $12,798,000 after acquiring an additional 37,888 shares during the period. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Price Performance

Shares of NU traded up $0.23 during trading hours on Tuesday, reaching $15.45. 40,615,479 shares of the company traded hands, compared to its average volume of 57,046,848. 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 has a market capitalization of $74.45 billion, a PE ratio of 33.59, a price-to-earnings-growth ratio of 0.79 and a beta of 1.07. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The stock has a fifty day simple moving average of $13.37 and a 200 day simple moving average of $12.28.

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, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same quarter in the previous year, the company posted $0.12 EPS. As a group, research analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NU has been the subject of a number of recent analyst reports. Susquehanna raised their price objective 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. Bradesco Corretora raised NU to an "outperform" rating and set a $17.00 target price for the company in a research note on Monday, August 25th. Santander raised NU to a "neutral" rating in a report on Monday, August 25th. JPMorgan Chase & Co. upped their price objective on NU from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Citigroup raised NU from a "sell" rating to a "buy" rating and raised their target price for the company from $9.00 to $18.00 in a report on Wednesday, August 20th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, NU currently has a consensus rating of "Moderate Buy" and an average price target of $17.06.

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.