Y Intercept Hong Kong Ltd Takes Position in Nu Holdings Ltd. $NU

Y Intercept Hong Kong Ltd bought a new stake in Nu Holdings Ltd. (NYSE:NU) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 2,319,643 shares of the company’s stock, valued at approximately $31,826,000. NU accounts for 0.8% of Y Intercept Hong Kong Ltd’s investment portfolio, making the stock its biggest holding.

Other institutional investors have also modified their holdings of the company. IFM Investors Pty Ltd increased its holdings in shares of NU by 46.4% in the first quarter. IFM Investors Pty Ltd now owns 107,268 shares of the company’s stock valued at $1,098,000 after purchasing an additional 34,017 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of NU by 39.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 95,879 shares of the company’s stock valued at $1,315,000 after purchasing an additional 27,335 shares during the period. Kera Capital Partners Inc. increased its holdings in shares of NU by 6.8% in the second quarter. Kera Capital Partners Inc. now owns 530,635 shares of the company’s stock valued at $7,280,000 after purchasing an additional 33,999 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of NU by 87.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 64,052 shares of the company’s stock valued at $879,000 after purchasing an additional 29,824 shares during the period. Finally, LBP AM SA increased its holdings in shares of NU by 241.2% in the second quarter. LBP AM SA now owns 824,623 shares of the company’s stock valued at $11,314,000 after purchasing an additional 582,919 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Down 0.3%

NU stock opened at $15.86 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market capitalization of $76.40 billion, a price-to-earnings ratio of 34.47, a price-to-earnings-growth ratio of 0.82 and a beta of 1.08. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.42. The stock’s fifty day moving average is $15.17 and its two-hundred day moving average is $13.37.

NU (NYSE:NU) last posted its 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 company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same quarter in the prior year, the company earned $0.12 earnings per share. Analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Bank of America boosted their target price on NU from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 25th. Itau BBA Securities raised NU from a “market perform” rating to an “outperform” rating and set a $18.00 price objective on the stock in a report on Monday, August 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NU in a report on Saturday. Santander raised NU to a “neutral” rating in a report on Monday, August 25th. Finally, Bradesco Corretora raised NU to an “outperform” rating and set a $17.00 price objective on the stock in a report on Monday, August 25th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.10.

NU 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.