Eschler Asset Management LLP Makes New $2.18 Million Investment in Nu Holdings Ltd. $NU

Eschler Asset Management LLP purchased a new stake in shares of Nu Holdings Ltd. (NYSE:NU) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 158,734 shares of the company’s stock, valued at approximately $2,178,000. NU accounts for about 1.6% of Eschler Asset Management LLP’s investment portfolio, making the stock its 16th biggest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of NU. Bamco Inc. NY lifted its holdings in shares of NU by 18.7% in the second quarter. Bamco Inc. NY now owns 1,428,409 shares of the company’s stock valued at $19,598,000 after buying an additional 225,341 shares during the period. AQR Capital Management LLC raised its position in NU by 14.3% in the second quarter. AQR Capital Management LLC now owns 1,108,516 shares of the company’s stock worth $15,153,000 after acquiring an additional 138,303 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in NU by 41.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 17,321,224 shares of the company’s stock valued at $237,647,000 after acquiring an additional 5,114,895 shares during the last quarter. Atreides Management LP bought a new position in shares of NU during the 2nd quarter valued at about $37,650,000. Finally, Dynamo Administracao de Recursos Ltda. grew its stake in shares of NU by 381.2% in the 2nd quarter. Dynamo Administracao de Recursos Ltda. now owns 999,030 shares of the company’s stock worth $13,707,000 after purchasing an additional 791,400 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

NU has been the subject of several recent research reports. JPMorgan Chase & Co. increased their target price on shares of NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Citigroup raised NU from a “sell” rating to a “buy” rating and upped their price target for the company from $9.00 to $18.00 in a report on Wednesday, August 20th. Susquehanna raised their price objective on NU from $17.00 to $19.00 and gave the stock a “positive” rating in a research note on Friday, November 14th. Bradesco Corretora raised NU to an “outperform” rating and set a $17.00 target price on the stock in a research report on Monday, August 25th. Finally, KeyCorp upped their target price on NU from $15.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.71.

NU Trading Up 0.4%

NU stock opened at $16.88 on Friday. 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 quick ratio of 0.56 and a current ratio of 0.56. The firm has a market capitalization of $81.34 billion, a price-to-earnings ratio of 33.10, a P/E/G ratio of 0.80 and a beta of 1.07. The company has a 50 day moving average price of $16.03 and a 200 day moving average price of $14.43.

NU (NYSE:NU) last released its earnings results on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $3.96 billion. NU had a return on equity of 30.12% and a net margin of 17.97%. Research analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current 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.