Marathon Trading Investment Management LLC Sells 17,800 Shares of Nu Holdings Ltd. $NU

Marathon Trading Investment Management LLC cut its position in shares of Nu Holdings Ltd. (NYSE:NU) by 59.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,200 shares of the company’s stock after selling 17,800 shares during the period. Marathon Trading Investment Management LLC’s holdings in NU were worth $167,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. bought a new position in shares of NU during the 2nd quarter valued at approximately $27,000. Capital Analysts LLC purchased a new stake in NU during the first quarter valued at $31,000. ORG Partners LLC raised its stake in NU by 474.1% during the second quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock valued at $32,000 after purchasing an additional 1,920 shares in the last quarter. Quaker Wealth Management LLC lifted its position in NU by 212.7% during the second quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after purchasing an additional 4,341 shares during the last quarter. Finally, Banque Transatlantique SA purchased a new position in shares of NU in the 1st quarter worth $34,000. Institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of NU in a research report on Wednesday, October 8th. Citigroup raised NU from a “sell” rating to a “buy” rating and boosted their price objective for the stock from $9.00 to $18.00 in a research note on Wednesday, August 20th. Santander raised NU to a “neutral” rating in a research note on Monday, August 25th. JPMorgan Chase & Co. boosted their target price on NU from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Finally, Bank of America increased their price target on NU from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, August 25th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $17.10.

NU Stock Performance

NU stock opened at $15.85 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $76.38 billion, a P/E ratio of 34.46, a price-to-earnings-growth ratio of 0.82 and a beta of 1.08. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.50. The company’s 50-day moving average is $15.56 and its 200 day moving average is $13.72.

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

About NU

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.