78,200 Shares in Nu Holdings Ltd. $NU Bought by Sullivan Wood Capital Management LLC

Key Points

• Sullivan Wood Capital Management LLC acquired 78,200 shares of Nu Holdings Ltd. valued at approximately $1,073,000, making it the firm's 8th biggest position.
• Analysts are optimistic about NU’s prospects, with multiple firms upgrading its rating and a consensus price target of $17.06.
• Nu Holdings reported a quarterly earnings per share (EPS) of $0.14, exceeding expectations and revealing a significant 29.91% return on equity.

Sullivan Wood Capital Management LLC purchased a new position in Nu Holdings Ltd. (NYSE:NU - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 78,200 shares of the company's stock, valued at approximately $1,073,000. NU comprises approximately 2.2% of Sullivan Wood Capital Management LLC's holdings, making the stock its 8th biggest position.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in NU by 2,069.9% in the first quarter. GAMMA Investing LLC now owns 72,192 shares of the company's stock worth $7,050,000 after buying an additional 68,865 shares during the last quarter. IFM Investors Pty Ltd lifted its position in NU by 46.4% in the first quarter. IFM Investors Pty Ltd now owns 107,268 shares of the company's stock worth $1,098,000 after buying an additional 34,017 shares during the last quarter. Kera Capital Partners Inc. lifted its position in NU by 6.8% in the second quarter. Kera Capital Partners Inc. now owns 530,635 shares of the company's stock worth $7,280,000 after buying an additional 33,999 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in NU in the first quarter worth $113,000. Finally, LBP AM SA increased its stake in NU by 241.2% in the second 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. 84.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Bradesco Corretora upgraded NU to an "outperform" rating and set a $17.00 target price for the company in a research report on Monday, August 25th. JPMorgan Chase & Co. lifted their target price on NU from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. UBS Group lifted their target price on NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a research report on Tuesday, September 2nd. Morgan Stanley reiterated an "overweight" rating on shares of NU in a research report on Friday, June 13th. Finally, Citigroup upgraded NU from a "sell" rating to a "buy" rating and lifted their target price for the stock from $9.00 to $18.00 in a research report on Wednesday, August 20th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $17.06.

NU Stock Performance

Shares of NU stock opened at $15.24 on Friday. The firm has a market cap of $73.41 billion, a P/E ratio of 33.12, a P/E/G ratio of 0.79 and a beta of 1.08. 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 12 month low of $9.01 and a 12 month high of $16.42. The stock's fifty day moving average price is $14.24 and its 200-day moving average price is $12.84.

NU (NYSE:NU - Get Free Report) last announced its quarterly 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 firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same quarter last year, the firm posted $0.12 earnings per share. On average, equities research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

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.

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