Matauro LLC Grows Stake in Nu Holdings Ltd. $NU

Matauro LLC lifted its position in Nu Holdings Ltd. (NYSE:NU) by 82.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,089 shares of the company’s stock after buying an additional 9,550 shares during the period. Matauro LLC’s holdings in NU were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. J2 Capital Management Inc purchased a new position in shares of NU in the 2nd quarter worth $451,000. Ninety One UK Ltd raised its holdings in NU by 33.0% in the 2nd quarter. Ninety One UK Ltd now owns 1,023,447 shares of the company’s stock worth $14,042,000 after purchasing an additional 254,206 shares during the period. LBP AM SA raised its holdings in NU by 241.2% in the 2nd quarter. LBP AM SA now owns 824,623 shares of the company’s stock worth $11,314,000 after purchasing an additional 582,919 shares during the period. Janney Montgomery Scott LLC raised its holdings in NU by 62.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 124,801 shares of the company’s stock worth $1,712,000 after purchasing an additional 47,910 shares during the period. Finally, GC Wealth Management RIA LLC bought a new position in NU in the 2nd quarter worth $1,100,000. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on NU from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of NU in a report on Friday, June 13th. Santander raised NU to a “neutral” rating in a report on Monday, August 25th. Bank of America raised their target price on NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. Finally, Bradesco Corretora raised NU to an “outperform” rating and set a $17.00 target price on the stock in a report on Monday, August 25th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.06.

NU Price Performance

NYSE:NU opened at $15.24 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24. The business’s 50-day simple moving average is $14.24 and its two-hundred day simple moving average is $12.84. The stock has a market cap of $73.41 billion, a PE ratio of 33.12, a P/E/G ratio of 0.79 and a beta of 1.08. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.42.

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

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.