Octahedron Capital Management L.P. Boosts Holdings in Nu Holdings Ltd. (NYSE:NU)

Octahedron Capital Management L.P. raised its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 37.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,080,000 shares of the company’s stock after purchasing an additional 295,000 shares during the quarter. NU makes up approximately 14.0% of Octahedron Capital Management L.P.’s portfolio, making the stock its 2nd largest holding. Octahedron Capital Management L.P.’s holdings in NU were worth $13,921,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NU. GAMMA Investing LLC lifted its stake in shares of NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after purchasing an additional 815 shares during the period. Stokes Family Office LLC lifted its stake in shares of NU by 10.0% in the 1st quarter. Stokes Family Office LLC now owns 11,000 shares of the company’s stock worth $131,000 after purchasing an additional 1,000 shares during the period. Fortis Capital Management LLC lifted its stake in shares of NU by 6.6% in the 2nd quarter. Fortis Capital Management LLC now owns 17,330 shares of the company’s stock worth $223,000 after purchasing an additional 1,072 shares during the period. Americana Partners LLC lifted its stake in shares of NU by 7.8% in the 2nd quarter. Americana Partners LLC now owns 15,449 shares of the company’s stock worth $199,000 after purchasing an additional 1,115 shares during the period. Finally, Precision Wealth Strategies LLC raised its stake in NU by 3.2% during the 1st quarter. Precision Wealth Strategies LLC now owns 41,497 shares of the company’s stock worth $495,000 after acquiring an additional 1,303 shares during the period. Institutional investors own 80.90% of the company’s stock.

NU Trading Down 1.1 %

Shares of NU opened at $14.63 on Friday. The company has a 50 day simple moving average of $13.47 and a two-hundred day simple moving average of $12.36. Nu Holdings Ltd. has a 1 year low of $6.77 and a 1 year high of $15.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a market cap of $69.73 billion, a P/E ratio of 56.27, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17.

NU (NYSE:NU) last posted its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. NU had a net margin of 15.11% and a return on equity of 27.00%. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the firm posted $0.05 earnings per share. On average, equities analysts expect that Nu Holdings Ltd. will post 0.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Barclays raised their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Jefferies Financial Group raised their target price on shares of NU from $10.80 to $15.20 and gave the stock a “buy” rating in a research note on Monday, June 24th. The Goldman Sachs Group raised their target price on shares of NU from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Bank of America raised their target price on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Finally, Susquehanna restated a “positive” rating and set a $16.00 target price on shares of NU in a research note on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.08.

About NU

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.