Nu Holdings Ltd. (NYSE:NU) is SurgoCap Partners LP’s 10th Largest Position

SurgoCap Partners LP increased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,151,552 shares of the company’s stock after purchasing an additional 147,375 shares during the period. NU makes up 3.8% of SurgoCap Partners LP’s investment portfolio, making the stock its 10th largest holding. SurgoCap Partners LP owned 0.15% of NU worth $74,090,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Piscataqua Savings Bank increased its holdings in NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after buying an additional 2,500 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in NU by 190.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock valued at $51,000 after buying an additional 3,215 shares during the last quarter. Campbell Capital Management Inc. purchased a new stake in NU during the fourth quarter valued at approximately $52,000. Cliffwater LLC purchased a new stake in NU during the fourth quarter valued at approximately $57,000. Finally, Whipplewood Advisors LLC purchased a new stake in NU during the fourth quarter valued at approximately $62,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Trading Down 0.7%

Shares of NU opened at $13.04 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The company has a market cap of $62.83 billion, a P/E ratio of 32.60, a P/E/G ratio of 0.48 and a beta of 1.11. The company’s fifty day simple moving average is $11.45 and its 200-day simple moving average is $12.04. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15.

NU (NYSE:NU) last posted its earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.09 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. During the same period last year, the business posted $0.09 EPS. As a group, analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NU shares. UBS Group reduced their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Susquehanna upped their price target on shares of NU from $14.00 to $15.00 and gave the stock a “positive” rating in a research report on Wednesday. Barclays upped their target price on shares of NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. upgraded shares of NU from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.13.

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.