Lone Pine Capital LLC Invests $406.76 Million in Nu Holdings Ltd. $NU

Lone Pine Capital LLC acquired a new position in Nu Holdings Ltd. (NYSE:NU) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 25,406,449 shares of the company’s stock, valued at approximately $406,757,000. NU comprises about 3.0% of Lone Pine Capital LLC’s holdings, making the stock its 19th biggest holding. Lone Pine Capital LLC owned 0.53% of NU at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Allworth Financial LP boosted its stake in shares of NU by 166.6% during the 2nd 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 last quarter. Vise Technologies Inc. bought a new stake in shares of NU during the 2nd quarter valued at $358,000. PNC Financial Services Group Inc. increased its stake in shares of NU by 8.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 186,921 shares of the company’s stock worth $2,565,000 after purchasing an additional 15,087 shares in the last quarter. Citizens Financial Group Inc. RI raised its holdings in NU by 4.9% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 67,053 shares of the company’s stock worth $920,000 after purchasing an additional 3,151 shares during the period. Finally, Western Wealth Management LLC raised its holdings in NU by 35.8% in the 2nd quarter. Western Wealth Management LLC now owns 20,228 shares of the company’s stock worth $278,000 after purchasing an additional 5,330 shares during the period. 84.02% of the stock is currently owned by institutional investors.

NU Trading Up 2.6%

Shares of NU stock opened at $14.25 on Tuesday. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $18.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.56 and a current ratio of 0.58. The company has a market capitalization of $68.64 billion, a P/E ratio of 24.56, a P/E/G ratio of 0.54 and a beta of 1.11. The company has a fifty day moving average of $16.64 and a 200 day moving average of $16.23.

NU (NYSE:NU) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. NU had a return on equity of 30.68% and a net margin of 18.19%.The business had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.55 billion. On average, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Susquehanna lifted their target price on NU from $19.00 to $22.00 and gave the company a “positive” rating in a research report on Tuesday, January 27th. Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a research note on Tuesday, February 24th. Weiss Ratings raised NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Zacks Research upgraded NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. Finally, JPMorgan Chase & Co. increased their target price on shares of NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.22.

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.