Octahedron Capital Management L.P. Has $13.92 Million Holdings in Nu Holdings Ltd. (NYSE:NU)

Octahedron Capital Management L.P. boosted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 37.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,080,000 shares of the company’s stock after buying an additional 295,000 shares during the quarter. NU makes up about 14.0% of Octahedron Capital Management L.P.’s holdings, making the stock its 2nd biggest holding. Octahedron Capital Management L.P.’s holdings in NU were worth $13,921,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NU. GAMMA Investing LLC raised its holdings in NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after purchasing an additional 815 shares in the last quarter. ORG Partners LLC bought a new position in NU in the 2nd quarter worth $54,000. Opal Wealth Advisors LLC bought a new position in NU in the 2nd quarter worth $88,000. LRI Investments LLC bought a new position in NU in the 1st quarter worth $91,000. Finally, ProVise Management Group LLC raised its holdings in NU by 13.5% in the 4th quarter. ProVise Management Group LLC now owns 11,580 shares of the company’s stock worth $96,000 after purchasing an additional 1,380 shares in the last quarter. 80.90% of the stock is currently owned by institutional investors.

NU Stock Performance

Shares of NU stock opened at $14.63 on Friday. Nu Holdings Ltd. has a one year low of $6.77 and a one year high of $15.16. The company’s 50-day moving average is $13.47 and its 200 day moving average is $12.36. The company has a market capitalization of $69.73 billion, a price-to-earnings ratio of 56.27, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49.

NU (NYSE:NU) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same period in the prior year, the firm posted $0.05 EPS. Sell-side analysts expect that Nu Holdings Ltd. will post 0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on NU. Susquehanna restated a “positive” rating and issued a $16.00 price objective on shares of NU in a report on Thursday, August 15th. The Goldman Sachs Group upped their target price on shares of NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Jefferies Financial Group upped their target price on shares of NU from $10.80 to $15.20 and gave the stock a “buy” rating in a research report on Monday, June 24th. Barclays upped their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, Bank of America upped their target price on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, NU currently has a consensus rating of “Moderate Buy” and an average target price of $14.08.

NU Company Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.