Carrhae Capital LLP Makes New $82.73 Million Investment in Nu Holdings Ltd. $NU

Carrhae Capital LLP acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 4,942,239 shares of the company’s stock, valued at approximately $82,733,000. NU comprises approximately 3.1% of Carrhae Capital LLP’s portfolio, making the stock its 8th largest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in shares of NU by 63.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after purchasing an additional 1,464 shares in the last quarter. Jump Financial LLC raised its holdings in NU by 541.8% in the second quarter. Jump Financial LLC now owns 185,434 shares of the company’s stock worth $2,544,000 after purchasing an additional 156,539 shares in the last quarter. WINTON GROUP Ltd raised its holdings in NU by 38.5% in the second quarter. WINTON GROUP Ltd now owns 37,156 shares of the company’s stock worth $510,000 after purchasing an additional 10,332 shares in the last quarter. AXA S.A. lifted its position in NU by 1.4% during the second quarter. AXA S.A. now owns 192,311 shares of the company’s stock valued at $2,639,000 after buying an additional 2,682 shares during the period. Finally, Nebula Research & Development LLC lifted its position in NU by 63.7% during the second quarter. Nebula Research & Development LLC now owns 19,937 shares of the company’s stock valued at $274,000 after buying an additional 7,760 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Insider Activity at NU

In other news, Director Anita M. Sands sold 21,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $12.24, for a total value of $257,040.00. Following the completion of the transaction, the director owned 162,150 shares in the company, valued at $1,984,716. The trade was a 11.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Cristina Helena Zing Junqueira sold 300,000 shares of the business’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $14.81, for a total value of $4,443,000.00. Following the completion of the transaction, the chief executive officer owned 2,312,338 shares of the company’s stock, valued at $34,245,725.78. This represents a 11.48% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

NU has been the topic of a number of recent research reports. CICC Research initiated coverage on shares of NU in a research report on Tuesday, April 14th. They issued an “outperform” rating and a $18.00 target price on the stock. Weiss Ratings cut shares of NU from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Bank of America reissued a “neutral” rating on shares of NU in a research note on Monday, March 9th. Zacks Research cut shares of NU from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, Itau BBA Securities reaffirmed an “outperform” rating on shares of NU in a research note on Tuesday, March 17th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, NU currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.39.

NU Trading Down 3.2%

Shares of NYSE NU opened at $12.74 on Friday. The firm’s 50 day moving average price is $14.11 and its 200-day moving average price is $15.77. The company has a market cap of $61.84 billion, a PE ratio of 19.59, a P/E/G ratio of 0.53 and a beta of 1.01. Nu Holdings Ltd. has a 52-week low of $11.71 and a 52-week high of $18.98. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.58 and a current ratio of 0.58.

NU (NYSE:NU) last announced its quarterly earnings results on Friday, May 15th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). NU had a net margin of 18.20% and a return on equity of 30.91%. The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.06 billion. On average, equities research analysts expect that Nu Holdings Ltd. will post 0.84 EPS for the current fiscal year.

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.