GAMMA Investing LLC Purchases 2,705 Shares of Nu Holdings Ltd. $NU

GAMMA Investing LLC increased its position in Nu Holdings Ltd. (NYSE:NU) by 38.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,755 shares of the company’s stock after purchasing an additional 2,705 shares during the quarter. GAMMA Investing LLC’s holdings in NU were worth $134,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NU. NBC Securities Inc. raised its stake in NU by 286,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company’s stock worth $29,000 after acquiring an additional 2,860 shares during the last quarter. Capital Analysts LLC acquired a new stake in shares of NU during the 1st quarter valued at about $31,000. TFC Financial Management Inc. grew its position in shares of NU by 74.1% during the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company’s stock valued at $32,000 after acquiring an additional 1,325 shares during the period. Banque Transatlantique SA purchased a new position in NU in the 1st quarter valued at about $34,000. Finally, WPG Advisers LLC purchased a new position in NU in the 1st quarter valued at about $38,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Price Performance

Shares of NU opened at $16.00 on Wednesday. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.42. The stock has a market cap of $77.10 billion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 0.83 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a fifty day moving average price of $14.14 and a 200 day moving average price of $12.80.

NU (NYSE:NU) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. NU had a net margin of 17.90% and a return on equity of 29.91%. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same period in the previous year, the company earned $0.12 earnings per share. As a group, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NU shares. Bank of America raised their target price on shares of NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. JPMorgan Chase & Co. raised their target price on shares of NU from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. UBS Group raised their target price on shares of NU from $14.30 to $15.60 and gave the stock a “neutral” rating in a research note on Tuesday, September 2nd. Susquehanna raised their target price on shares of NU from $15.00 to $17.00 and gave the stock a “positive” rating in a research note on Wednesday, August 27th. Finally, Citigroup raised shares of NU from a “sell” rating to a “buy” rating and raised their target price for the stock from $9.00 to $18.00 in a research note on Wednesday, August 20th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, NU currently has a consensus rating of “Moderate Buy” and an average target price of $17.06.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.