Marathon Trading Investment Management LLC Makes New Investment in Nu Holdings Ltd. $NU

Key Points

• Marathon Trading Investment Management LLC has acquired a new position in Nu Holdings Ltd., purchasing 30,000 shares valued at approximately $307,000.
• Nu Holdings reported a quarterly earnings per share of $0.11, slightly missing the consensus estimate, while its revenue of $3.25 billion exceeded expectations.
• Analysts have a consensus rating of "Moderate Buy" for Nu Holdings, with price targets ranging from $15.00 to $16.00.

Marathon Trading Investment Management LLC purchased a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 30,000 shares of the company's stock, valued at approximately $307,000.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 68,865 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in NU during the 1st quarter worth approximately $113,000. Cetera Investment Advisers lifted its holdings in NU by 6.0% in the 4th quarter. Cetera Investment Advisers now owns 194,295 shares of the company's stock worth $2,013,000 after buying an additional 10,955 shares in the last quarter. SG Americas Securities LLC boosted its holdings in NU by 212.1% in the first quarter. SG Americas Securities LLC now owns 83,401 shares of the company's stock valued at $854,000 after purchasing an additional 56,682 shares during the last quarter. Finally, Unison Asset Management LLC increased its position in shares of 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 institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NU shares. Itau BBA Securities raised NU from a "market perform" rating to an "outperform" rating and set a $18.00 price target on the stock in a report on Monday. Barclays raised their target price on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, April 25th. JPMorgan Chase & Co. boosted their price objective on NU from $14.50 to $16.00 and gave the company an "overweight" rating in a research report on Monday, June 30th. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a report on Friday, June 13th. Finally, Susquehanna lifted their price target on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research report on Wednesday, May 14th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $15.78.

NU Stock Performance

Shares of NU stock traded down $0.2110 during trading hours on Tuesday, reaching $13.1190. 69,775,768 shares of the stock traded hands, compared to its average volume of 57,122,645. The firm has a market capitalization of $63.22 billion, a price-to-earnings ratio of 28.52, a P/E/G ratio of 0.74 and a beta of 1.05. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average price of $12.79 and a 200 day moving average price of $12.15. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15.

NU (NYSE:NU - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.78 billion. NU had a return on equity of 31.42% and a net margin of 17.90%.During the same period in the previous 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.