Nu Holdings Stock Price (NYSE: NU) Testing $15 After Impressive Run

Brazil-based Nu Holdings' stock (NYSE: NU) is moving up in the pre-market, gaining 1.35% and threatening the $15 level. The firm which is commonly recognised through its parent company Nubank stands out as a fast-growing financial services provider that has been well backed by markets. NU's stock price has impressively gained 117% over the past 12 months, and 213% over the past 2 years as the company trades up near all time highs.

Nubank, a fairly young company founded just a decade ago, impressively boasts 104.5 million users, with an average monthly revenue per user of $11.20. This performance has translated well financially, with the company generating $2.8 billion in the latest quarter. More astoundingly, Nu Holdings has demonstrated profitability with an adjusted net income of $562.5 million in the second quarter—a 131% increase year-over-year—and for the first time, a net margin of 20%.

The company's growth and potential have not gone unnoticed by big investors. For instance, Warren Buffett's Berkshire Hathaway saw the value in Nu Holdings early on and participated in the company's initial public offering at $9 in 2021. Berkshire Hathaway continues to hold shares, affirming the confidence in Nu Holdings' trajectory.

The ambitious expansion plans of Nu Holdings should also catch the discerning eye of investors. Having laid foundations in Mexico and Colombia, the company is not only seeing rapid growth in customer deposits in these regions but is also setting sights on broadening its product range beyond the confines of Latin America. This vision for diversification further pads the investment thesis for Nu Holdings.

The vibrant financial landscape of Latin America, with Nu Holdings at its vanguard, offers an attractive avenue for investors willing to delve into the region's emerging market potential. With an already established user base, solid financial performance, and ambitious expansion plans, Nu Holdings represents a potent mix of value and growth that might well deserve consideration for investment, especially for those looking to add a dash of international flare to their portfolios.