Nu Holdings Ltd. $NU Holdings Lifted by 1858 Wealth Management LLC

Key Points

• 1858 Wealth Management LLC increased its stake in Nu Holdings Ltd. by 182.6% in the second quarter, now owning 120,062 shares valued at approximately $1.65 million.
• Nu Holdings reported a Q2 EPS of $0.14, surpassing estimates by $0.02, but its revenue of $3.70 billion fell short of the forecast of $3.78 billion.
• Several analysts have raised their price targets for Nu Holdings, with a consensus target price of $17.06 and a majority rating it as a Modertate Buy.

1858 Wealth Management LLC grew its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 182.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 120,062 shares of the company's stock after purchasing an additional 77,572 shares during the period. NU makes up approximately 1.2% of 1858 Wealth Management LLC's holdings, making the stock its 25th biggest position. 1858 Wealth Management LLC's holdings in NU were worth $1,647,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Armstrong Advisory Group Inc. acquired a new stake in shares of NU in the 2nd quarter worth approximately $27,000. ORG Partners LLC lifted its stake in shares of NU by 474.1% in 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 during the period. Ameritas Advisory Services LLC acquired a new stake in shares of NU in the 2nd quarter worth approximately $36,000. NBC Securities Inc. lifted its stake in shares of NU by 286,000.0% in 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 during the period. Finally, Capital Analysts LLC acquired a new stake in shares of NU in the 1st quarter worth approximately $31,000. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Stock Down 2.9%

NU stock opened at $14.92 on Friday. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.42. The firm has a market cap of $71.89 billion, a PE ratio of 32.44, a P/E/G ratio of 0.78 and a beta of 1.08. The firm has a 50 day simple moving average of $14.57 and a 200 day simple moving average of $13.01. 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 (NYSE:NU - Get Free Report) last released its 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. The business had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same period in the prior year, the business earned $0.12 earnings per share. Equities research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Susquehanna upped their price target on shares of NU from $15.00 to $17.00 and gave the stock a "positive" rating in a research note on Wednesday, August 27th. Santander raised shares of NU to a "neutral" rating in a research note on Monday, August 25th. UBS Group upped their price target on shares of NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a research note on Tuesday, September 2nd. Weiss Ratings reissued a "hold (c)" rating on shares of NU in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on shares of NU from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $17.06.

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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