458,244 Shares in Nu Holdings Ltd. $NU Purchased by Magnetar Financial LLC

Magnetar Financial LLC acquired a new stake in Nu Holdings Ltd. (NYSE:NU) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 458,244 shares of the company’s stock, valued at approximately $6,287,000.

Other hedge funds have also recently modified their holdings of the company. Personal CFO Solutions LLC boosted its stake in shares of NU by 10.1% in the 2nd quarter. Personal CFO Solutions LLC now owns 46,331 shares of the company’s stock worth $636,000 after buying an additional 4,249 shares during the last quarter. Sagil Capital LLP bought a new stake in NU during the second quarter worth $14,120,000. ABN AMRO Bank N.V. bought a new stake in NU during the second quarter worth $698,000. Cumberland Partners Ltd purchased a new position in NU in the second quarter worth $1,544,000. Finally, Catalyst Funds Management Pty Ltd bought a new position in NU in the 2nd quarter valued at $793,000. Institutional investors own 84.02% of the company’s stock.

NU Trading Up 3.8%

Shares of NU stock opened at $15.90 on Friday. The stock has a market capitalization of $76.62 billion, a P/E ratio of 31.18, a P/E/G ratio of 0.77 and a beta of 1.08. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.57 and a current ratio of 0.56. The stock’s 50-day simple moving average is $15.68 and its 200 day simple moving average is $13.98.

NU (NYSE:NU) last posted its earnings results on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. NU had a net margin of 17.97% and a return on equity of 30.12%. The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $3.96 billion. As a group, research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NU shares. Weiss Ratings reiterated a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. Susquehanna lifted their price objective on shares of NU from $17.00 to $19.00 and gave the stock a “positive” rating in a research report on Friday, November 14th. UBS Group increased their target price on shares of NU from $15.60 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Itau BBA Securities upgraded shares of NU from a “market perform” rating to an “outperform” rating and set a $18.00 price target for the company in a research note on Monday, August 18th. Finally, KeyCorp lifted their price target on shares of NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.44.

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.