Nu Holdings Ltd. $NU Shares Acquired by Milestones Administradora de Recursos Ltda.

Milestones Administradora de Recursos Ltda. raised its position in shares of Nu Holdings Ltd. (NYSE:NU) by 25.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,867,614 shares of the company’s stock after purchasing an additional 383,614 shares during the period. NU accounts for about 10.5% of Milestones Administradora de Recursos Ltda.’s investment portfolio, making the stock its 5th largest position. Milestones Administradora de Recursos Ltda.’s holdings in NU were worth $29,900,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Rathbones Group PLC lifted its position in shares of NU by 119.0% during the 2nd quarter. Rathbones Group PLC now owns 147,590 shares of the company’s stock worth $2,025,000 after purchasing an additional 80,200 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of NU during the second quarter valued at approximately $39,848,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of NU by 14.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,695,159 shares of the company’s stock valued at $219,259,000 after purchasing an additional 1,703,787 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of NU by 39.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 95,879 shares of the company’s stock valued at $1,315,000 after purchasing an additional 27,335 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in NU by 87.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 64,052 shares of the company’s stock worth $879,000 after purchasing an additional 29,824 shares during the period. 84.02% of the stock is owned by institutional investors.

NU Price Performance

Shares of NU stock opened at $18.03 on Monday. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $18.37. The firm has a market cap of $86.89 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 0.59 and a beta of 1.08. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average price of $16.81 and a 200 day moving average price of $15.36.

NU (NYSE:NU) last released its earnings results on Thursday, November 13th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $2.79 billion during the quarter, compared to analyst estimates of $3.96 billion. NU had a net margin of 17.97% and a return on equity of 30.12%. Research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NU shares. KeyCorp boosted their price target on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Weiss Ratings reissued a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. Susquehanna raised their price target on shares of NU from $17.00 to $19.00 and gave the stock a “positive” rating in a research note on Friday, November 14th. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $21.00 target price on shares of NU in a report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.04.

NU Company 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.