AXQ Capital LP Acquires Shares of 19,838 Nu Holdings Ltd. $NU

AXQ Capital LP acquired a new position in Nu Holdings Ltd. (NYSE:NU) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,838 shares of the company’s stock, valued at approximately $272,000.

Several other institutional investors have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its holdings in NU by 24.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company’s stock valued at $557,422,000 after purchasing an additional 10,785,851 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of NU by 38.1% in the 2nd quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock valued at $575,728,000 after buying an additional 11,567,865 shares during the period. Kontiki Capital Management HK Ltd. boosted its stake in shares of NU by 54.3% in the first quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company’s stock worth $333,575,000 after buying an additional 11,465,700 shares during the last quarter. Legal & General Group Plc grew its holdings in NU by 0.7% during the second quarter. Legal & General Group Plc now owns 28,745,580 shares of the company’s stock worth $394,389,000 after acquiring an additional 194,423 shares during the period. Finally, Northern Trust Corp grew its holdings in NU by 9.3% during the first quarter. Northern Trust Corp now owns 27,869,591 shares of the company’s stock worth $285,385,000 after acquiring an additional 2,373,500 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Trading Up 0.3%

Shares of NU opened at $15.94 on Tuesday. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.55. The stock has a market cap of $76.79 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 0.79 and a beta of 1.08. The firm’s fifty day moving average is $15.68 and its two-hundred day moving average is $14.02. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29.

NU (NYSE:NU) last issued its earnings results on Thursday, November 13th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $4.17 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%. Research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NU shares. Bank of America boosted their price target on NU from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 25th. JPMorgan Chase & Co. boosted their target price on shares of NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Itau BBA Securities raised shares of NU from a “market perform” rating to an “outperform” rating and set a $18.00 price target on the stock in a report on Monday, August 18th. Susquehanna raised their price target on shares of NU from $17.00 to $19.00 and gave the company a “positive” rating in a research report on Friday, November 14th. Finally, Citigroup upgraded shares of NU from a “sell” rating to a “buy” rating and upped their price objective for the stock from $9.00 to $18.00 in a research report on Wednesday, August 20th. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $17.44.

NU Company Profile

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.