Southeast Asset Advisors LLC Makes New Investment in Nu Holdings Ltd. $NU

Southeast Asset Advisors LLC acquired a new position in Nu Holdings Ltd. (NYSE:NU) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 42,462 shares of the company’s stock, valued at approximately $680,000.

Several other hedge funds also recently modified their holdings of the business. Jordan Park Group LLC increased its position in shares of NU by 129.3% in the 3rd quarter. Jordan Park Group LLC now owns 1,958,842 shares of the company’s stock valued at $31,000 after buying an additional 1,104,421 shares in the last quarter. Quaker Wealth Management LLC boosted its stake 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 buying an additional 4,341 shares during the last quarter. Allworth Financial LP grew 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 purchasing an additional 1,601 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in NU during the second quarter worth $38,000. Finally, FNY Investment Advisers LLC lifted its stake in NU by 334,100.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 3,342 shares of the company’s stock valued at $45,000 after purchasing an additional 3,341 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Stock Down 1.2%

NYSE:NU opened at $16.83 on Monday. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $18.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market cap of $81.12 billion, a PE ratio of 33.01, a P/E/G ratio of 0.55 and a beta of 1.08. The firm’s 50 day simple moving average is $17.14 and its 200 day simple moving average is $15.86.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on NU. UBS Group increased their price target on shares of NU from $16.00 to $18.40 and gave the company a “neutral” rating in a report on Thursday, December 4th. 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. KeyCorp raised their target price on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, November 14th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $21.00 price target on shares of NU in a report on Thursday, December 18th. Finally, Santander upgraded shares of NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. 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. According to MarketBeat, NU currently has a consensus rating of “Moderate Buy” and an average price target of $18.34.

NU 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.