3,269,586 Shares in Nu Holdings Ltd. $NU Purchased by Spear Holdings RSC Ltd

Key Points

• Spear Holdings RSC Ltd acquired 3,269,586 shares of Nu Holdings Ltd, valued at around $44.86 million, making Nu 3.3% of its portfolio.
• NU's stock has recently received several upgrades from analysts, with a rating of "overweight" from JPMorgan Chase and a target price increase from $14 to $17.
• Nu Holdings reported quarterly earnings of $0.14 per share, surpassing estimates, while its revenue of $3.7 billion fell slightly short of expectations at $3.78 billion.

Spear Holdings RSC Ltd acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,269,586 shares of the company's stock, valued at approximately $44,859,000. NU accounts for 3.3% of Spear Holdings RSC Ltd's portfolio, making the stock its 11th biggest position. Spear Holdings RSC Ltd owned approximately 0.07% of NU at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NU. Focus Partners Advisor Solutions LLC boosted its holdings in shares of NU by 5.5% in the first quarter. Focus Partners Advisor Solutions LLC now owns 15,974 shares of the company's stock valued at $164,000 after acquiring an additional 838 shares in the last quarter. Perigon Wealth Management LLC boosted its holdings in shares of NU by 8.4% in the first quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company's stock valued at $150,000 after acquiring an additional 1,136 shares in the last quarter. Dakota Wealth Management boosted its holdings in shares of NU by 3.9% in the second quarter. Dakota Wealth Management now owns 31,314 shares of the company's stock valued at $430,000 after acquiring an additional 1,180 shares in the last quarter. Richards Merrill & Peterson Inc. boosted its holdings in shares of NU by 43.6% in the first quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock valued at $42,000 after acquiring an additional 1,250 shares in the last quarter. Finally, TFC Financial Management Inc. boosted its holdings in shares of NU by 74.1% in the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock valued at $32,000 after acquiring an additional 1,325 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on NU shares. Santander upgraded shares of NU to a "neutral" rating in a report on Monday, August 25th. Bank of America raised their target price on shares of NU from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, August 25th. JPMorgan Chase & Co. raised their target price on shares of NU from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Susquehanna raised their target price on shares of NU from $15.00 to $17.00 and gave the stock a "positive" rating in a report on Wednesday, August 27th. Finally, Morgan Stanley restated an "overweight" rating on shares of NU in a report on Friday, June 13th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, NU currently has an average rating of "Moderate Buy" and an average price target of $17.06.

NU Stock Up 0.5%

NU stock opened at $15.38 on Tuesday. The company has a market capitalization of $74.11 billion, a P/E ratio of 33.44, a P/E/G ratio of 0.80 and a beta of 1.08. The firm's fifty day simple moving average is $14.34 and its 200-day simple moving average is $12.91. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.42.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share 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 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 last year, the firm earned $0.12 EPS. Sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

NU 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.

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