Sands Capital Management LLC Has $809.50 Million Stock Holdings in Nu Holdings Ltd. $NU

Sands Capital Management LLC decreased its position in shares of Nu Holdings Ltd. (NYSE:NU) by 7.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,562,162 shares of the company’s stock after selling 3,942,266 shares during the period. NU makes up 2.2% of Sands Capital Management LLC’s holdings, making the stock its 19th biggest position. Sands Capital Management LLC owned 1.05% of NU worth $809,500,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of NU. Jordan Park Group LLC grew its stake in shares of NU by 129.3% in the third quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock valued at $31,000 after acquiring an additional 1,104,421 shares in the last quarter. Allworth Financial LP increased its position in NU by 166.6% during the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock worth $35,000 after acquiring an additional 1,601 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in NU in the 2nd quarter worth about $38,000. EverSource Wealth Advisors LLC raised its stake in NU by 63.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock worth $52,000 after purchasing an additional 1,464 shares in the last quarter. Finally, VSM Wealth Advisory LLC boosted its holdings in NU by 1,000.0% in the 3rd quarter. VSM Wealth Advisory LLC now owns 3,300 shares of the company’s stock valued at $53,000 after purchasing an additional 3,000 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NU. The Goldman Sachs Group restated a “buy” rating and set a $21.00 target price on shares of NU in a research report on Thursday, December 18th. Santander upgraded shares of NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. JPMorgan Chase & Co. boosted their price target on NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. KeyCorp increased their price target on NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. Finally, Itau BBA Securities restated an “outperform” rating on shares of NU in a research note on Tuesday, February 24th. 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.22.

NU Trading Up 1.3%

NU opened at $14.87 on Wednesday. The stock has a market capitalization of $71.63 billion, a price-to-earnings ratio of 25.63, a P/E/G ratio of 0.47 and a beta of 1.11. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $18.98. The company has a 50-day simple moving average of $16.88 and a 200 day simple moving average of $16.24.

NU (NYSE:NU) last released its earnings results on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. The firm had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.55 billion. NU had a net margin of 18.19% and a return on equity of 30.68%. Analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.