Fieldview Capital Management LLC Invests $1.36 Million in Nu Holdings Ltd. $NU

Fieldview Capital Management LLC acquired a new stake in Nu Holdings Ltd. (NYSE:NU) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 84,861 shares of the company’s stock, valued at approximately $1,359,000.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in NU in the 2nd quarter worth approximately $626,569,000. William Blair Investment Management LLC grew its position in shares of NU by 182.9% during the 3rd quarter. William Blair Investment Management LLC now owns 19,449,424 shares of the company’s stock valued at $311,385,000 after purchasing an additional 12,574,893 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of NU by 91.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 16,101,679 shares of the company’s stock valued at $257,788,000 after purchasing an additional 7,709,707 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of NU by 106.3% in the second quarter. Marshall Wace LLP now owns 14,691,671 shares of the company’s stock worth $201,570,000 after purchasing an additional 7,569,233 shares during the period. Finally, Seven Springs Wealth Group LLC bought a new position in shares of NU in the second quarter worth $92,707,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NU shares. The Goldman Sachs Group reissued a “buy” rating and set a $21.00 price objective on shares of NU in a research note on Thursday, December 18th. Weiss Ratings upgraded NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Itau BBA Securities reissued an “outperform” rating on shares of NU in a report 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 research report on Thursday, November 20th. Finally, Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.22.

NU Trading Up 0.7%

Shares of NU stock opened at $14.68 on Tuesday. The business has a 50-day moving average price of $16.92 and a two-hundred day moving average price of $16.23. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $18.98. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.39. The firm has a market cap of $70.73 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 0.47 and a beta of 1.11.

NU (NYSE:NU) last announced its quarterly earnings data 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 return on equity of 30.68% and a net margin of 18.19%. Equities analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal 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.