AXQ Capital LP Buys 135,308 Shares of Nu Holdings Ltd. $NU

Key Points

• AXQ Capital LP increased its Nu Holdings stake by 175.7% in the second quarter, acquiring 135,308 additional shares and ending the period with 212,304 shares valued at approximately $2.84 million. Institutional investors collectively own 84.02% of NU.
• Nu Holdings reported quarterly earnings of $0.22 per share on $5.88 billion in revenue, with an 18.65% net margin and 31.59% return on equity. The stock recently traded at $15.64, up 1.6%.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $17.91, while insiders sold 361,707 shares worth roughly $5.63 million over the past three months.

AXQ Capital LP increased its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 175.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 212,304 shares of the company's stock after acquiring an additional 135,308 shares during the quarter. AXQ Capital LP's holdings in NU were worth $2,836,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in shares of NU by 63.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company's stock valued at $52,000 after buying an additional 1,464 shares during the period. Jump Financial LLC boosted its holdings in NU by 541.8% during the second quarter. Jump Financial LLC now owns 185,434 shares of the company's stock worth $2,544,000 after purchasing an additional 156,539 shares during the last quarter. WINTON GROUP Ltd grew its holdings in shares of NU by 38.5% in the second quarter. WINTON GROUP Ltd now owns 37,156 shares of the company's stock valued at $510,000 after acquiring an additional 10,332 shares in the last quarter. AXA S.A. increased its position in shares of NU by 1.4% during the 2nd quarter. AXA S.A. now owns 192,311 shares of the company's stock valued at $2,639,000 after purchasing an additional 2,682 shares during the last quarter. Finally, Nebula Research & Development LLC raised its position in NU by 63.7% in the second quarter. Nebula Research & Development LLC now owns 19,937 shares of the company's stock worth $274,000 after acquiring an additional 7,760 shares during the period. Institutional investors own 84.02% of the company's stock.

NU Trading Up 1.6%

NU opened at $15.64 on Friday. The business has a 50 day simple moving average of $14.18 and a two-hundred day simple moving average of $14.06. Nu Holdings Ltd. has a one year low of $11.20 and a one year high of $18.98. The firm has a market capitalization of $75.94 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 0.60 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.55 and a quick ratio of 0.55.

NU (NYSE:NU - Get Free Report) last announced its earnings results on Tuesday, June 30th. The company reported $0.22 earnings per share for the quarter. The firm had revenue of $5.88 billion for the quarter. NU had a net margin of 18.65% and a return on equity of 31.59%. Analysts predict that Nu Holdings Ltd. will post 0.86 EPS for the current year.

NU announced that its Board of Directors has initiated a share repurchase plan on Thursday, June 4th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have recently commented on NU. Susquehanna upped their price target on NU from $13.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, August 14th. Weiss Ratings lowered NU from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, August 21st. JPMorgan Chase & Co. boosted their price target on shares of NU from $18.00 to $20.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 7th. Wolfe Research reduced their price objective on NU from $18.00 to $17.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 25th. Finally, Needham & Company LLC upped their price objective on shares of NU from $17.00 to $19.00 and gave the company a "buy" rating in a research note on Friday, August 14th. Nine equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $17.91.

Insider Activity

In other NU news, CEO Cristina Junqueira sold 65,000 shares of the company's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $14.71, for a total value of $956,150.00. Following the sale, the chief executive officer owned 2,542,083 shares in the company, valued at approximately $37,394,040.93. This represents a 2.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Henrique Camossa Sald Fragelli sold 221,707 shares of the company's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $15.81, for a total value of $3,505,187.67. Following the completion of the sale, the insider owned 979,446 shares in the company, valued at $15,485,041.26. The trade was a 18.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 361,707 shares of company stock worth $5,626,338 in the last three months. 1.20% of the stock is currently owned by insiders.

NU Profile

Nu Holdings Ltd NYSE: NU, commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.

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