Graham Capital Management L.P. Raises Holdings in Nu Holdings Ltd. $NU

Key Points

• Graham Capital Management L.P. increased its stake in Nu Holdings Ltd. (NYSE:NU) by 147.8%, acquiring 754,149 additional shares to total 1,264,296 shares valued at approximately $12.9 million.
• Nu Holdings reported $0.14 earnings per share for the latest quarter, surpassing analyst expectations of $0.12, despite revenue of $3.70 billion falling short of the estimated $3.78 billion.
• Nine investment analysts currently rate Nu Holdings with a Buy rating, indicating positive market sentiment, and a consensus price target of $16.90 per share.

Graham Capital Management L.P. boosted its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 147.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,264,296 shares of the company's stock after buying an additional 754,149 shares during the quarter. Graham Capital Management L.P.'s holdings in NU were worth $12,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. NBC Securities Inc. increased its position in NU by 286,000.0% in the first quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock worth $29,000 after buying an additional 2,860 shares during the last quarter. Capital Analysts LLC purchased a new position in shares of NU in the first quarter valued at $31,000. TFC Financial Management Inc. grew its position 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 purchasing an additional 1,325 shares in the last quarter. WPG Advisers LLC purchased a new position in shares of NU in the first quarter valued at $38,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of NU by 51.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock valued at $39,000 after purchasing an additional 1,295 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Price Performance

Shares of NYSE NU traded up $0.04 during mid-day trading on Wednesday, reaching $14.90. The company's stock had a trading volume of 37,606,345 shares, compared to its average volume of 53,194,008. The firm has a market capitalization of $71.77 billion, a PE ratio of 32.38, a P/E/G ratio of 0.78 and a beta of 1.07. The stock has a fifty day moving average of $13.25 and a two-hundred day moving average of $12.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15.

NU (NYSE:NU - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share 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 in the previous year, the company posted $0.12 EPS. As a group, sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NU. Morgan Stanley reiterated an "overweight" rating on shares of NU in a research report on Friday, June 13th. Santander upgraded NU to a "neutral" rating in a research report on Monday, August 25th. Susquehanna lifted their price target on NU from $15.00 to $17.00 and gave the company a "positive" rating in a research report on Wednesday, August 27th. Bank of America lifted their price target on NU from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Monday, August 25th. Finally, Citigroup raised NU from a "sell" rating to a "buy" rating and raised their price objective for the company from $9.00 to $18.00 in a report on Wednesday, August 20th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $16.96.

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.