Nu Holdings Ltd. $NU Shares Acquired by Octahedron Capital Management L.P.

Octahedron Capital Management L.P. grew its holdings in Nu Holdings Ltd. (NYSE:NU) by 56.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,608,000 shares of the company’s stock after acquiring an additional 583,250 shares during the period. NU comprises 16.7% of Octahedron Capital Management L.P.’s holdings, making the stock its biggest position. Octahedron Capital Management L.P.’s holdings in NU were worth $22,062,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NU. CWM LLC increased its holdings in NU by 40.2% in the first quarter. CWM LLC now owns 75,008 shares of the company’s stock valued at $768,000 after buying an additional 21,508 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of NU during the 1st quarter valued at about $251,000. Johns Hopkins University purchased a new position in shares of NU in the 1st quarter valued at about $9,324,000. KLP Kapitalforvaltning AS increased its stake in shares of NU by 10.8% in the 1st quarter. KLP Kapitalforvaltning AS now owns 707,300 shares of the company’s stock valued at $7,243,000 after purchasing an additional 68,900 shares in the last quarter. Finally, Oak Thistle LLC acquired a new position in NU in the 1st quarter worth about $460,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Performance

NYSE:NU opened at $15.32 on Wednesday. The company’s 50-day moving average is $15.68 and its two-hundred day moving average is $13.93. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.57. The firm has a market capitalization of $73.80 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 0.80 and a beta of 1.08.

NU (NYSE:NU) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $3.96 billion. NU had a return on equity of 30.12% and a net margin of 17.97%. Analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on NU from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Weiss Ratings reissued a “hold (c)” rating on shares of NU in a research note on Wednesday, October 8th. Susquehanna upped their price objective on shares of NU from $17.00 to $19.00 and gave the stock a “positive” rating in a research report on Friday, November 14th. KeyCorp increased their price objective on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Finally, Itau BBA Securities raised shares of NU from a “market perform” rating to an “outperform” rating and set a $18.00 target price for the company in a research note on Monday, August 18th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, NU has a consensus rating of “Moderate Buy” and an average target price of $17.33.

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.