Long Walk Management LP Has $54.91 Million Stake in Nu Holdings Ltd. $NU

Long Walk Management LP raised its stake in Nu Holdings Ltd. (NYSE:NU) by 84.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,430,000 shares of the company’s stock after buying an additional 1,570,000 shares during the quarter. NU makes up about 11.1% of Long Walk Management LP’s investment portfolio, making the stock its 5th largest holding. Long Walk Management LP owned about 0.07% of NU worth $54,914,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of NU. Vanguard Personalized Indexing Management LLC lifted its position in NU by 87.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 64,052 shares of the company’s stock valued at $879,000 after purchasing an additional 29,824 shares during the last quarter. CWM LLC increased its stake in shares of NU by 8.8% in the second quarter. CWM LLC now owns 81,639 shares of the company’s stock valued at $1,120,000 after purchasing an additional 6,631 shares during the period. MGO One Seven LLC bought a new stake in shares of NU during the second quarter valued at approximately $161,000. Envestnet Portfolio Solutions Inc. boosted its position in shares of NU by 39.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 37,549 shares of the company’s stock worth $515,000 after buying an additional 10,609 shares during the period. Finally, Atria Wealth Solutions Inc. grew its holdings in NU by 99.6% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 31,662 shares of the company’s stock worth $433,000 after buying an additional 15,801 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research 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 report on Thursday, November 20th. UBS Group increased their target price on shares of NU from $16.00 to $18.40 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Zacks Research upgraded shares of NU from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $21.00 price target on shares of NU in a research note on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.34.

NU Price Performance

Shares of NYSE NU opened at $16.83 on Tuesday. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $18.98. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average of $17.14 and a two-hundred day moving average of $15.89. The company has a market capitalization of $81.12 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 0.55 and a beta of 1.08.

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.