Truxt Investmentos Ltda. Invests $20.45 Million in Nu Holdings Ltd. $NU

Truxt Investmentos Ltda. acquired a new stake in Nu Holdings Ltd. (NYSE:NU) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,277,179 shares of the company’s stock, valued at approximately $20,448,000. NU makes up approximately 30.5% of Truxt Investmentos Ltda.’s portfolio, making the stock its largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quaker Wealth Management LLC increased its position in shares of NU by 212.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock worth $32,000 after purchasing an additional 4,341 shares during the last quarter. Allworth Financial LP lifted its stake in NU by 166.6% in the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $35,000 after acquiring an additional 1,601 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of NU in the 2nd quarter valued at about $36,000. Atlantic Union Bankshares Corp acquired a new position in shares of NU during the 2nd quarter worth about $38,000. Finally, FNY Investment Advisers LLC increased its stake in shares of NU by 334,100.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 3,342 shares of the company’s stock worth $45,000 after purchasing an additional 3,341 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Trading Up 1.9%

NU opened at $18.09 on Tuesday. The stock has a market capitalization of $87.18 billion, a price-to-earnings ratio of 35.48, a P/E/G ratio of 0.58 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 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 $17.13 and a 200 day simple moving average of $15.57.

NU (NYSE:NU) last released its earnings results on Thursday, November 13th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. The firm had revenue of $2.79 billion for 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%. Analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NU shares. Zacks Research upgraded NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. KeyCorp upped their price target on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $21.00 target price on shares of NU in a research report on Thursday, December 18th. UBS Group boosted their price target on NU from $16.00 to $18.40 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Finally, Susquehanna upped their price objective on NU from $19.00 to $22.00 and gave the company a “positive” rating in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock 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.