J2 Capital Management Inc Acquires New Position in Nu Holdings Ltd. $NU

Key Points

• J2 Capital Management Inc. acquired a new position in Nu Holdings Ltd. by purchasing 32,844 shares worth approximately $451,000 in the second quarter.
• Several institutional investors, including Armstrong Advisory Group Inc. and NBC Securities Inc., have also increased their stakes in NU, with institutional ownership now at 84.02%.
• Analysts have set new price targets for Nu Holdings, with Citigroup upgrading the stock to a buy rating and raising the price target from $9.00 to $18.00.

J2 Capital Management Inc acquired a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 32,844 shares of the company's stock, valued at approximately $451,000.

A number of other institutional investors have also recently made changes to their positions in NU. Armstrong Advisory Group Inc. acquired a new position in shares of NU in the second quarter valued at approximately $27,000. NBC Securities Inc. grew its holdings in NU by 286,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock worth $29,000 after acquiring an additional 2,860 shares in the last quarter. Capital Analysts LLC acquired a new position in NU during the 1st quarter worth approximately $31,000. TFC Financial Management Inc. grew its holdings in NU by 74.1% during the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after acquiring an additional 1,325 shares in the last quarter. Finally, ORG Partners LLC grew its holdings in NU by 474.1% during the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company's stock worth $32,000 after acquiring an additional 1,920 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on NU shares. Morgan Stanley reiterated an "overweight" rating on shares of NU in a report on Friday, June 13th. Bank of America boosted their price target on shares of NU from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Monday, August 25th. Citigroup upgraded shares of NU from a "sell" rating to a "buy" rating and boosted their price target for the stock from $9.00 to $18.00 in a report on Wednesday, August 20th. Itau BBA Securities upgraded shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 price target for the company in a report on Monday, August 18th. Finally, Santander upgraded shares of NU to a "neutral" rating in a report on Monday, August 25th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $17.06.

NU Trading Down 5.1%

Shares of NU stock opened at $15.19 on Thursday. The company has a fifty day simple moving average of $14.19 and a 200-day simple moving average of $12.82. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.42. The stock has a market cap of $73.21 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 0.83 and a beta of 1.07. 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 (NYSE:NU - Get Free Report) last released 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. NU had a net margin of 17.90% and a return on equity of 29.91%. The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the prior year, the firm earned $0.12 EPS. On average, equities analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

NU Company 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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