Madison Asset Management LLC Invests $1.48 Million in Nu Holdings Ltd. $NU

Madison Asset Management LLC acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 92,245 shares of the company’s stock, valued at approximately $1,477,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NU. Ameritas Advisory Services LLC purchased a new position in NU during the 2nd quarter valued at about $36,000. Callan Family Office LLC bought a new stake in shares of NU in the 2nd quarter worth approximately $361,000. Vanguard Personalized Indexing Management LLC boosted its position in shares of NU by 87.1% in the 2nd 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 in the last quarter. CWM LLC grew its stake in shares of NU by 8.8% in the 2nd quarter. CWM LLC now owns 81,639 shares of the company’s stock worth $1,120,000 after buying an additional 6,631 shares during the last quarter. Finally, MGO One Seven LLC bought a new position in NU during the 2nd quarter valued at approximately $161,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Stock Performance

Shares of NYSE NU opened at $17.41 on Thursday. The firm’s 50-day moving average price is $17.15 and its 200-day moving average price is $15.77. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $18.98. The company has a market cap of $83.91 billion, a PE ratio of 34.14, a PEG ratio of 0.57 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.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. NU had a net margin of 17.97% and a return on equity of 30.12%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $3.96 billion. As a group, analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Ratings Changes

NU has been the topic of several analyst reports. Zacks Research raised NU from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. The Goldman Sachs Group reiterated a “buy” rating and issued a $21.00 price target on shares of NU in a research note on Thursday, December 18th. UBS Group increased their price objective on shares of NU from $16.00 to $18.40 and gave the company a “neutral” rating in a research report on Thursday, December 4th. KeyCorp lifted their target price on shares of NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Finally, JPMorgan Chase & Co. increased their price target on shares of NU from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.34.

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.