Nu Holdings Ltd. (NYSE:NU) Shares Acquired by D1 Capital Partners L.P.

D1 Capital Partners L.P. raised its position in shares of Nu Holdings Ltd. (NYSE:NU) by 13.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,605,159 shares of the company’s stock after buying an additional 1,681,220 shares during the quarter. NU comprises 3.2% of D1 Capital Partners L.P.’s portfolio, making the stock its 13th largest position. D1 Capital Partners L.P. owned approximately 0.31% of NU worth $188,260,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after acquiring an additional 815 shares during the period. ORG Partners LLC bought a new stake in shares of NU in the 2nd quarter worth approximately $54,000. Opal Wealth Advisors LLC acquired a new position in NU during the 2nd quarter valued at approximately $88,000. LRI Investments LLC bought a new position in NU during the 1st quarter worth $91,000. Finally, ProVise Management Group LLC grew its stake in NU by 13.5% during the 4th quarter. ProVise Management Group LLC now owns 11,580 shares of the company’s stock worth $96,000 after buying an additional 1,380 shares during the last quarter. Institutional investors own 80.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NU. Jefferies Financial Group boosted their price target on shares of NU from $10.80 to $15.20 and gave the company a “buy” rating in a report on Monday, June 24th. 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. Bank of America lifted their price target on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Susquehanna reissued a “positive” rating and issued a $16.00 price objective on shares of NU in a report on Thursday, August 15th. Finally, JPMorgan Chase & Co. lifted their target price on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.08.

NU Price Performance

Shares of NYSE:NU opened at $14.63 on Monday. The stock’s 50 day moving average price is $13.49 and its 200 day moving average price is $12.40. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market cap of $69.73 billion, a price-to-earnings ratio of 56.27, a PEG ratio of 0.68 and a beta of 1.17. Nu Holdings Ltd. has a 12 month low of $6.77 and a 12 month high of $15.16.

NU (NYSE:NU) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. NU had a net margin of 15.11% and a return on equity of 27.00%. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the business earned $0.05 earnings per share. Equities research analysts anticipate that Nu Holdings Ltd. will post 0.4 earnings per share for the current fiscal year.

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.