Kera Capital Partners Inc. Grows Holdings in Nu Holdings Ltd. $NU

Kera Capital Partners Inc. raised its position in Nu Holdings Ltd. (NYSE:NU) by 6.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 530,635 shares of the company’s stock after purchasing an additional 33,999 shares during the period. NU comprises about 1.4% of Kera Capital Partners Inc.’s investment portfolio, making the stock its 16th largest position. Kera Capital Partners Inc.’s holdings in NU were worth $7,280,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baird Financial Group Inc. purchased a new position in shares of NU during the 4th quarter worth about $111,000. Balyasny Asset Management L.P. purchased a new position in shares of NU during the 4th quarter worth about $387,000. Cetera Investment Advisers lifted its holdings in shares of NU by 6.0% during the 4th quarter. Cetera Investment Advisers now owns 194,295 shares of the company’s stock worth $2,013,000 after acquiring an additional 10,955 shares during the period. Ensign Peak Advisors Inc purchased a new position in shares of NU during the 4th quarter worth about $2,852,000. Finally, Nuveen Asset Management LLC lifted its holdings in shares of NU by 6.2% during the 4th quarter. Nuveen Asset Management LLC now owns 24,378,076 shares of the company’s stock worth $252,557,000 after acquiring an additional 1,417,910 shares during the period. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Stock Up 0.5%

NU opened at $15.70 on Friday. The firm has a 50 day moving average price of $13.50 and a 200 day moving average price of $12.36. The company has a market cap of $75.65 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 0.81 and a beta of 1.07. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57.

NU (NYSE:NU) last posted its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same quarter in the prior year, the company earned $0.12 EPS. Sell-side analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NU shares. Morgan Stanley reiterated an “overweight” rating on shares of NU in a report on Friday, June 13th. Susquehanna increased their price objective on shares of NU from $15.00 to $17.00 and gave the stock a “positive” rating in a report on Wednesday, August 27th. Bank of America increased their price objective on shares of NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. UBS Group increased their target price on shares of NU from $14.30 to $15.60 and gave the stock a “neutral” rating in a research report on Tuesday, September 2nd. Finally, Citigroup raised shares of NU from a “sell” rating to a “buy” rating and increased their target price for the stock from $9.00 to $18.00 in a research report on Wednesday, August 20th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.06.

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.