Maverick Capital Ltd. Increases Position in Nu Holdings Ltd. $NU

Maverick Capital Ltd. grew its position in shares of Nu Holdings Ltd. (NYSE:NU) by 35.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,693,910 shares of the company’s stock after acquiring an additional 4,399,644 shares during the quarter. NU comprises about 3.0% of Maverick Capital Ltd.’s investment portfolio, making the stock its 8th largest holding. Maverick Capital Ltd. owned about 0.35% of NU worth $170,946,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. NBC Securities Inc. lifted its position in NU by 286,000.0% in the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company’s stock valued at $29,000 after purchasing an additional 2,860 shares during the last quarter. Capital Analysts LLC acquired a new stake in shares of NU in the first quarter valued at approximately $31,000. TFC Financial Management Inc. grew its holdings in NU by 74.1% in the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company’s stock worth $32,000 after buying an additional 1,325 shares in the last quarter. WPG Advisers LLC bought a new stake in NU during the 1st quarter valued at $38,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in NU by 51.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company’s stock worth $39,000 after acquiring an additional 1,295 shares during the period. Institutional investors own 84.02% of the company’s stock.

NU Price Performance

NYSE NU opened at $14.81 on Monday. The stock has a market capitalization of $71.34 billion, a P/E ratio of 32.19, a P/E/G ratio of 0.78 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. The business’s fifty day moving average is $13.14 and its two-hundred day moving average is $12.18. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15.

NU (NYSE:NU) last announced its earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same period in the prior year, the business posted $0.12 earnings per share. On average, research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Morgan Stanley restated an “overweight” rating on shares of NU in a research note on Friday, June 13th. Bradesco Corretora raised shares of NU to an “outperform” rating and set a $17.00 price target for the company in a research note on Monday, August 25th. Itau BBA Securities upgraded shares of NU from a “market perform” rating to an “outperform” rating and set a $18.00 price objective on the stock in a research note on Monday, August 18th. Citigroup raised NU from a “sell” rating to a “buy” rating and increased their price target for the company from $9.00 to $18.00 in a research note on Wednesday, August 20th. Finally, JPMorgan Chase & Co. upped their price objective on NU from $14.50 to $16.00 and gave the company an “overweight” rating in a report on Monday, June 30th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.90.

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.