Nu Holdings Ltd. $NU Position Trimmed by Pathway Capital Management LP

Pathway Capital Management LP lessened its holdings in Nu Holdings Ltd. (NYSE:NU) by 49.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,264 shares of the company’s stock after selling 35,383 shares during the quarter. NU comprises 0.5% of Pathway Capital Management LP’s portfolio, making the stock its 8th largest position. Pathway Capital Management LP’s holdings in NU were worth $498,000 as of its most recent SEC filing.

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

NU Trading Down 0.1%

Shares of NU stock opened at $16.07 on Friday. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.42. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $15.37 and its 200 day moving average is $13.51. The stock has a market capitalization of $77.45 billion, a P/E ratio of 34.94, a P/E/G ratio of 0.83 and a beta of 1.08.

NU (NYSE:NU) last issued its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. NU had a net margin of 17.90% and a return on equity of 29.91%. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter last year, the company posted $0.12 earnings per share. Research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NU shares. JPMorgan Chase & Co. increased their price target on shares of NU from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Santander upgraded shares of NU to a “neutral” rating in a report on Monday, August 25th. UBS Group increased their price target on shares of NU from $15.60 to $16.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Susquehanna increased their price target on shares of NU from $15.00 to $17.00 and gave the company a “positive” rating in a report on Wednesday, August 27th. Finally, Citigroup upgraded shares of NU from a “sell” rating to a “buy” rating and increased their price target for the company from $9.00 to $18.00 in a report on Wednesday, August 20th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.10.

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.