Jordan Park Group LLC Raises Position in Nu Holdings Ltd. $NU

Jordan Park Group LLC grew its position in shares of Nu Holdings Ltd. (NYSE:NU) by 129.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,958,842 shares of the company’s stock after acquiring an additional 1,104,421 shares during the period. Jordan Park Group LLC’s holdings in NU were worth $31,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cloud Capital Management LLC purchased a new stake in NU in the third quarter worth $138,000. Activest Wealth Management lifted its position in NU by 743.6% during the third quarter. Activest Wealth Management now owns 6,285 shares of the company’s stock valued at $101,000 after buying an additional 5,540 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of NU by 5.8% during the 3rd quarter. New York State Common Retirement Fund now owns 4,154,999 shares of the company’s stock valued at $66,522,000 after buying an additional 228,950 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in shares of NU by 15.3% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 7,324 shares of the company’s stock worth $128,000 after buying an additional 972 shares during the period. Finally, AustralianSuper Pty Ltd grew its position in shares of NU by 1.6% in the 3rd quarter. AustralianSuper Pty Ltd now owns 1,886,019 shares of the company’s stock worth $30,195,000 after buying an additional 29,913 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Down 0.1%

NU stock opened at $18.75 on Friday. The stock has a market capitalization of $90.33 billion, a P/E ratio of 36.76, a P/E/G ratio of 0.61 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.56. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $18.98. The business has a fifty day moving average price of $17.05 and a 200-day moving average price of $15.48.

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

Analysts Set New Price Targets

NU has been the topic of several research reports. Zacks Research raised shares of NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. The Goldman Sachs Group reissued a “buy” rating and issued a $21.00 price target on shares of NU in a research report on Thursday, December 18th. KeyCorp upped their price target on NU from $15.00 to $19.00 and gave the stock an “overweight” 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, UBS Group upped their price target on shares of NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.34.

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.