Nu Holdings Ltd. $NU is Y Intercept Hong Kong Ltd’s 6th Largest Position

Y Intercept Hong Kong Ltd reduced its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 27.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,685,645 shares of the company’s stock after selling 633,998 shares during the quarter. NU makes up approximately 0.6% of Y Intercept Hong Kong Ltd’s portfolio, making the stock its 6th largest position. Y Intercept Hong Kong Ltd’s holdings in NU were worth $26,987,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Quaker Wealth Management LLC boosted its stake in shares of NU by 212.7% during the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after buying an additional 4,341 shares during the period. ORG Partners LLC raised its holdings in shares of NU by 474.1% during the second 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. Allworth Financial LP boosted its position in NU by 166.6% during the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $35,000 after purchasing an additional 1,601 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in NU in the second quarter valued at about $36,000. Finally, Atlantic Union Bankshares Corp acquired a new position in NU in the 2nd quarter worth about $38,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Trading Up 0.2%

Shares of NU stock opened at $18.03 on Friday. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $18.37. The company has a market cap of $86.89 billion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 0.59 and a beta of 1.08. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $16.81 and its two-hundred day moving average is $15.34.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. NU had a net margin of 17.97% and a return on equity of 30.12%. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Equities analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Wall Street Analyst Weigh In

NU has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on NU from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Susquehanna lifted their target price on shares of NU from $17.00 to $19.00 and gave the company a “positive” rating in a research note on Friday, November 14th. UBS Group increased their price target on shares of NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Santander upgraded shares of NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NU currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.04.

NU Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.