Engle Capital Management L.P. Has $13.54 Million Holdings in Nu Holdings Ltd. $NU

Engle Capital Management L.P. raised its stake in Nu Holdings Ltd. (NYSE:NU) by 18.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 987,000 shares of the company’s stock after purchasing an additional 157,000 shares during the period. NU makes up approximately 4.1% of Engle Capital Management L.P.’s holdings, making the stock its 13th biggest position. Engle Capital Management L.P.’s holdings in NU were worth $13,542,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Armstrong Advisory Group Inc. acquired a new position in shares of NU during the second quarter valued at about $27,000. Capital Analysts LLC bought a new position in NU during the first quarter valued at about $31,000. ORG Partners LLC raised its holdings in NU by 474.1% in the 2nd quarter. ORG Partners LLC now owns 2,325 shares of the company’s stock valued at $32,000 after acquiring an additional 1,920 shares in the last quarter. Quaker Wealth Management LLC raised its holdings in NU by 212.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $32,000 after acquiring an additional 4,341 shares in the last quarter. Finally, Banque Transatlantique SA bought a new stake in shares of NU in the 1st quarter worth approximately $34,000. Institutional investors own 84.02% of the company’s stock.

NU Stock Performance

NU stock opened at $16.88 on Friday. The firm has a market capitalization of $81.34 billion, a P/E ratio of 33.10, a P/E/G ratio of 0.80 and a beta of 1.07. The stock has a fifty day moving average price of $16.03 and a two-hundred day moving average price of $14.43. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $17.84. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.56.

NU (NYSE:NU) last posted its earnings results on Thursday, November 13th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. NU had a net margin of 17.97% and a return on equity of 30.12%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $3.96 billion. As a group, analysts anticipate that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NU shares. UBS Group boosted their price objective on NU from $16.00 to $18.40 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. Citigroup upgraded shares of NU from a “sell” rating to a “buy” rating and increased their price objective for the company from $9.00 to $18.00 in a research note on Wednesday, August 20th. Bank of America raised their price objective on shares of NU from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. Finally, Bradesco Corretora raised shares of NU to an “outperform” rating and set a $17.00 target price on the stock in a research note on Monday, August 25th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, NU has a consensus rating of “Moderate Buy” and a consensus target price of $17.71.

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.