Blue Owl Capital Holdings LP Acquires New Shares in Nu Holdings Ltd. $NU

Blue Owl Capital Holdings LP acquired a new position in Nu Holdings Ltd. (NYSE:NU) in the 3rd quarter, Holdings Channel reports. The firm acquired 173,873 shares of the company’s stock, valued at approximately $2,784,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State Street Corp raised its position in NU by 2.4% in the second quarter. State Street Corp now owns 91,238,735 shares of the company’s stock valued at $1,251,795,000 after purchasing an additional 2,158,037 shares during the period. WCM Investment Management LLC grew its holdings in shares of NU by 0.9% during the 3rd quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock worth $1,187,935,000 after purchasing an additional 659,526 shares during the period. Sands Capital Management LLC increased its position in shares of NU by 5.9% during the 2nd quarter. Sands Capital Management LLC now owns 54,504,428 shares of the company’s stock worth $747,801,000 after purchasing an additional 3,060,463 shares during the last quarter. Norges Bank acquired a new stake in shares of NU during the 2nd quarter worth about $626,569,000. Finally, Legal & General Group Plc raised its holdings in NU by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 28,745,580 shares of the company’s stock valued at $394,389,000 after buying an additional 194,423 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

NU has been the topic of a number of recent analyst reports. Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. KeyCorp lifted their price target on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Itau BBA Securities reissued an “outperform” rating on shares of NU in a research note on Tuesday, February 24th. JPMorgan Chase & Co. upped their price objective on shares of NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Finally, Weiss Ratings upgraded shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and an average target price of $18.22.

NU Price Performance

NU opened at $14.55 on Friday. The stock’s 50-day moving average price is $16.95 and its 200 day moving average price is $16.18. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $18.98. The firm has a market cap of $70.09 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 0.48 and a beta of 1.11. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.39.

NU (NYSE:NU) last released its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.55 billion. NU had a return on equity of 30.68% and a net margin of 18.19%. As a group, sell-side analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

About NU

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.