Orion Capital Management LLC Grows Stock Position in Nu Holdings Ltd. $NU

Orion Capital Management LLC boosted its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 188.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,300 shares of the company’s stock after acquiring an additional 10,000 shares during the quarter. Orion Capital Management LLC’s holdings in NU were worth $210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of NU. Armstrong Advisory Group Inc. bought a new position in shares of NU in the second quarter worth approximately $27,000. Capital Analysts LLC purchased a new stake in NU during the 1st quarter valued at $31,000. ORG Partners LLC grew its holdings in NU by 474.1% in the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock worth $32,000 after acquiring an additional 1,920 shares during the last quarter. Banque Transatlantique SA purchased a new position in shares of NU in the first quarter valued at about $34,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of NU during the second quarter valued at about $36,000. Institutional investors own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

NU has been the topic of several recent analyst reports. Itau BBA Securities raised NU from a “market perform” rating to an “outperform” rating and set a $18.00 target price on the stock in a research note on Monday, August 18th. Bradesco Corretora raised NU to an “outperform” rating and set a $17.00 price target for the company in a research note on Monday, August 25th. Susquehanna lifted 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. Weiss Ratings restated a “hold (c)” rating on shares of NU in a report on Saturday. Finally, Bank of America raised their target price on shares of NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, August 25th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $17.10.

NU Price Performance

Shares of NU stock opened at $15.86 on Friday. The business’s fifty day moving average is $15.17 and its 200 day moving average is $13.36. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24. The stock has a market cap of $76.40 billion, a price-to-earnings ratio of 34.47, a PEG ratio of 0.83 and a beta of 1.08. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.42.

NU (NYSE:NU) last announced 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. The firm had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same quarter in the previous year, the business posted $0.12 EPS. Research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.