Maverick Capital Ltd. Sells 147,822 Shares of Nu Holdings Ltd. (NYSE:NU)

Maverick Capital Ltd. lowered its position in shares of Nu Holdings Ltd. (NYSE:NU) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,905,229 shares of the company’s stock after selling 147,822 shares during the period. NU accounts for approximately 2.9% of Maverick Capital Ltd.’s portfolio, making the stock its 7th largest position. Maverick Capital Ltd. owned 0.25% of NU worth $153,458,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NU. Engle Capital Management L.P. raised its holdings in NU by 13.2% during the second quarter. Engle Capital Management L.P. now owns 1,490,000 shares of the company’s stock worth $19,206,000 after purchasing an additional 174,000 shares in the last quarter. AQR Capital Management LLC grew its position in shares of NU by 19.5% in the 2nd quarter. AQR Capital Management LLC now owns 186,897 shares of the company’s stock valued at $2,409,000 after buying an additional 30,498 shares during the last quarter. AXA S.A. acquired a new stake in NU during the 2nd quarter worth $3,474,000. Insigneo Advisory Services LLC lifted its position in NU by 13.8% in the second quarter. Insigneo Advisory Services LLC now owns 19,841 shares of the company’s stock valued at $256,000 after acquiring an additional 2,410 shares during the last quarter. Finally, Gateway Advisory LLC boosted its stake in NU by 2.1% in the second quarter. Gateway Advisory LLC now owns 69,255 shares of the company’s stock valued at $893,000 after acquiring an additional 1,419 shares in the last quarter. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Price Performance

Shares of NYSE:NU opened at $13.82 on Friday. Nu Holdings Ltd. has a 52 week low of $6.80 and a 52 week high of $15.16. The company has a 50-day moving average price of $13.59 and a 200 day moving average price of $12.47. The company has a market cap of $65.87 billion, a P/E ratio of 53.15, a PEG ratio of 0.67 and a beta of 1.17. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25.

NU (NYSE:NU) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. NU had a return on equity of 27.00% and a net margin of 15.11%. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the business earned $0.05 earnings per share. Research analysts predict that Nu Holdings Ltd. will post 0.41 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Jefferies Financial Group boosted their target price on NU from $10.80 to $15.20 and gave the company a “buy” rating in a report on Monday, June 24th. Susquehanna restated a “positive” rating and set a $16.00 target price on shares of NU in a research report on Thursday, August 15th. Barclays lifted their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Bank of America upped their target price on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Finally, The Goldman Sachs Group raised their price target on NU from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, NU presently has an average rating of “Moderate Buy” and a consensus target price of $14.08.

NU Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.