Maverick Capital Ltd. Has $170.95 Million Holdings in Nu Holdings Ltd. $NU

Key Points

• Maverick Capital Ltd. increased its stake in Nu Holdings Ltd. by 35.8% in Q1, holding 16,693,910 shares valued at approximately $170.95 million.
• Other institutional investors have also made significant adjustments, with ownership of Nu Holdings now at 84.02% among institutional investors.
• Nu Holdings reported an earnings per share of $0.14 for the last quarter, surpassing analyst expectations of $0.12, with forecasts of $0.58 EPS for the current fiscal year.

Maverick Capital Ltd. boosted its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 35.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,693,910 shares of the company's stock after acquiring an additional 4,399,644 shares during the period. NU makes up approximately 3.0% of Maverick Capital Ltd.'s holdings, making the stock its 8th largest holding. Maverick Capital Ltd. owned approximately 0.35% of NU worth $170,946,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Focus Partners Advisor Solutions LLC grew its stake in shares of NU by 5.5% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 15,974 shares of the company's stock valued at $164,000 after purchasing an additional 838 shares during the period. Graham Capital Management L.P. grew its stake in shares of NU by 147.8% in the 1st quarter. Graham Capital Management L.P. now owns 1,264,296 shares of the company's stock valued at $12,946,000 after purchasing an additional 754,149 shares during the period. Nomura Holdings Inc. grew its stake in shares of NU by 70.1% in the 1st quarter. Nomura Holdings Inc. now owns 54,140 shares of the company's stock valued at $554,000 after purchasing an additional 22,321 shares during the period. DRW Securities LLC bought a new stake in shares of NU in the 1st quarter valued at approximately $3,298,000. Finally, Pinnacle Wealth Planning Services Inc. bought a new stake in shares of NU in the 1st quarter valued at approximately $167,000. 84.02% of the stock is currently owned by institutional investors.

NU Price Performance

Shares of NU traded down $0.12 on Friday, hitting $14.75. The company's stock had a trading volume of 49,800,685 shares, compared to its average volume of 54,683,128. The company has a 50 day moving average price of $13.31 and a 200 day moving average price of $12.24. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. 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 company has a market capitalization of $71.06 billion, a PE ratio of 32.06, a PEG ratio of 0.78 and a beta of 1.07.

NU (NYSE:NU - Get Free Report) last posted its quarterly earnings data 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. NU had a return on equity of 29.91% and a net margin of 17.90%.The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the prior year, the business earned $0.12 EPS. On average, research analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NU has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price objective on NU from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Friday. Susquehanna boosted their target price on NU from $15.00 to $17.00 and gave the stock a "positive" rating in a report on Wednesday, August 27th. UBS Group boosted their target price on NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a report on Tuesday. Morgan Stanley reissued an "overweight" rating on shares of NU in a report on Friday, June 13th. Finally, Itau BBA Securities raised NU from a "market perform" rating to an "outperform" rating and set a $18.00 target price on the stock in a report on Monday, August 18th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, NU presently has a consensus rating of "Moderate Buy" and an average price target of $17.06.

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.