Sylebra Capital LLC Raises Stock Holdings in Nu Holdings Ltd. $NU

by · The Cerbat Gem

Sylebra Capital LLC grew its stake in Nu Holdings Ltd. (NYSE:NU – Free Report) by 51.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,555,632 shares of the company’s stock after buying an additional 1,201,449 shares during the quarter. NU makes up 1.8% of Sylebra Capital LLC’s portfolio, making the stock its 13th biggest holding. Sylebra Capital LLC owned 0.07% of NU worth $36,410,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Focus Partners Advisor Solutions LLC increased its position in NU by 5.5% in the first quarter. Focus Partners Advisor Solutions LLC now owns 15,974 shares of the company’s stock worth $164,000 after buying an additional 838 shares in the last quarter. Perigon Wealth Management LLC increased its position in NU by 8.4% in the first quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company’s stock worth $150,000 after buying an additional 1,136 shares in the last quarter. Richards Merrill & Peterson Inc. grew its position in shares of NU by 43.6% during the first quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company’s stock worth $42,000 after purchasing an additional 1,250 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in NU by 51.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company’s stock valued at $39,000 after purchasing an additional 1,295 shares during the period. Finally, TFC Financial Management Inc. raised its stake in NU by 74.1% during the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company’s stock valued at $32,000 after purchasing an additional 1,325 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Price Performance

NYSE:NU opened at $14.75 on Friday. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. 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 $71.06 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 0.77 and a beta of 1.07. The business has a 50 day simple moving average of $13.31 and a 200-day simple moving average of $12.23.

NU (NYSE:NU – Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the company earned $0.12 EPS. Equities analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Ratings Changes

NU has been the topic of several recent analyst reports. Santander raised NU to a “neutral” rating in a research note on Monday, August 25th. Susquehanna raised their price target on NU from $15.00 to $17.00 and gave the company a “positive” rating in a report on Wednesday, August 27th. Itau BBA Securities upgraded NU from a “market perform” rating to an “outperform” rating and set a $18.00 price target for the company in a report on Monday, August 18th. Bank of America raised 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. Finally, Citigroup raised NU from a “sell” rating to a “buy” rating and raised their price objective for the company from $9.00 to $18.00 in a research note on Wednesday, August 20th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.06.

View Our Latest Stock Report on NU

About NU

(Free Report)

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.

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