DRW Securities LLC Purchases New Position in Nu Holdings Ltd. $NU

Key Points

• DRW Securities LLC has acquired a new stake in Nu Holdings Ltd. by purchasing 322,069 shares valued at approximately $3.3 million.
• Nu Holdings reported a quarterly EPS of $0.14, exceeding analyst estimates and showing a net margin of 17.90%.
• Investment analysts have recently upgraded Nu Holdings, with a consensus rating of "Moderate Buy" and an average price target of $16.90.

DRW Securities LLC bought a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 322,069 shares of the company's stock, valued at approximately $3,298,000.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in NU by 2,069.9% during the 1st quarter. GAMMA Investing LLC now owns 72,192 shares of the company's stock worth $7,050,000 after acquiring an additional 68,865 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in NU during the 1st quarter worth about $113,000. Cetera Investment Advisers grew its stake in NU by 6.0% in the fourth quarter. Cetera Investment Advisers now owns 194,295 shares of the company's stock valued at $2,013,000 after purchasing an additional 10,955 shares in the last quarter. SG Americas Securities LLC increased its position in NU by 212.1% in the 1st quarter. SG Americas Securities LLC now owns 83,401 shares of the company's stock worth $854,000 after purchasing an additional 56,682 shares during the last quarter. Finally, Unison Asset Management LLC increased its position in NU by 3.1% in the 1st quarter. Unison Asset Management LLC now owns 1,261,650 shares of the company's stock worth $12,798,000 after purchasing an additional 37,888 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Trading Up 0.2%

Shares of NU stock traded up $0.04 during trading hours on Wednesday, reaching $14.90. The company had a trading volume of 37,606,345 shares, compared to its average volume of 53,194,008. The company has a 50 day moving average of $13.22 and a 200 day moving average of $12.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market cap of $71.77 billion, a price-to-earnings ratio of 29.60, a P/E/G ratio of 0.78 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.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (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 the consensus estimate 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 business posted $0.12 EPS. On average, equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group boosted their price target on NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a research report on Tuesday. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a research report on Friday, June 13th. Bradesco Corretora upgraded NU to an "outperform" rating and set a $17.00 target price for the company in a research note on Monday, August 25th. Susquehanna increased their target price on NU from $15.00 to $17.00 and gave the company a "positive" rating in a research note on Wednesday, August 27th. Finally, Bank of America upped their price target on NU from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Monday, August 25th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $16.96.

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.