Axiom Investors LLC DE Trims Stake in Nu Holdings Ltd. $NU

Key Points

• Axiom Investors LLC DE reduced its stake in Nu Holdings Ltd. by 57.8%, selling 985,920 shares and holding 720,340 shares valued at approximately $7.37 million.
• Nu Holdings exceeded earnings expectations with $0.14 earnings per share for the last quarter, compared to analysts' expectations of $0.12, although its revenue fell short of estimates.
• Several analysts have upgraded their ratings on NU, with price targets set at up to $18.00, indicating positive sentiment toward the stock moving forward.

Axiom Investors LLC DE decreased its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 57.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 720,340 shares of the company's stock after selling 985,920 shares during the period. Axiom Investors LLC DE's holdings in NU were worth $7,376,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. grew its holdings in shares of 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 during the period. Capital Analysts LLC purchased a new position in shares of NU during the 1st quarter worth approximately $31,000. TFC Financial Management Inc. grew its holdings in shares of 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 during the period. Banque Transatlantique SA purchased a new position in shares of NU during the 1st quarter worth approximately $34,000. Finally, WPG Advisers LLC purchased a new position in shares of NU during the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 84.02% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on NU shares. JPMorgan Chase & Co. upped their price target on NU from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Citigroup upgraded NU from a "sell" rating to a "buy" rating and upped their price target for the stock from $9.00 to $18.00 in a research note on Wednesday, August 20th. Susquehanna upped their price target on NU from $15.00 to $17.00 and gave the stock a "positive" rating in a research note on Wednesday, August 27th. Morgan Stanley restated an "overweight" rating on shares of NU in a research note on Friday, June 13th. Finally, UBS Group upped their price target on NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a research note on Tuesday, September 2nd. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.06.

NU Stock Performance

Shares of NYSE NU traded up $0.08 during midday trading on Friday, hitting $15.70. 31,743,849 shares of the stock traded hands, compared to its average volume of 56,589,094. The firm has a 50-day moving average of $13.46 and a two-hundred day moving average of $12.33. The firm has a market capitalization of $75.65 billion, a P/E ratio of 34.13, a PEG ratio of 0.81 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. 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 released its quarterly 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 analysts' expectations of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same period 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.

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.