Fox Run Management L.L.C. Has $1.73 Million Holdings in Nu Holdings Ltd. $NU

Fox Run Management L.L.C. increased its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 613.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,292 shares of the company’s stock after acquiring an additional 108,588 shares during the period. Fox Run Management L.L.C.’s holdings in NU were worth $1,733,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of NU during the first quarter worth $113,000. D.A. Davidson & CO. raised its holdings in shares of NU by 4.9% in the first quarter. D.A. Davidson & CO. now owns 32,595 shares of the company’s stock valued at $334,000 after buying an additional 1,535 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in NU by 3.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,351,880 shares of the company’s stock worth $34,323,000 after buying an additional 123,630 shares in the last quarter. Brown Advisory Inc. lifted its position in NU by 32.3% during the 1st quarter. Brown Advisory Inc. now owns 31,371 shares of the company’s stock worth $321,000 after buying an additional 7,664 shares in the last quarter. Finally, M&T Bank Corp grew its holdings in NU by 11.7% during the 1st quarter. M&T Bank Corp now owns 334,512 shares of the company’s stock worth $3,426,000 after acquiring an additional 35,090 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Price Performance

Shares of NU stock opened at $15.85 on Friday. The firm’s 50 day moving average price is $15.56 and its two-hundred day moving average price is $13.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.50. The stock has a market cap of $76.38 billion, a PE ratio of 34.46, a PEG ratio of 0.82 and a beta of 1.08.

NU (NYSE:NU) last issued its earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. NU had a net margin of 17.90% and a return on equity of 29.91%. The company had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter in the previous year, the company posted $0.12 EPS. As a group, analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on NU shares. Bradesco Corretora raised shares of NU to an “outperform” rating and set a $17.00 target price for the company in a research note on Monday, August 25th. Citigroup raised shares of NU from a “sell” rating to a “buy” rating and raised their price target for the company from $9.00 to $18.00 in a report on Wednesday, August 20th. JPMorgan Chase & Co. boosted their price objective on shares of NU from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Santander raised NU to a “neutral” rating in a report on Monday, August 25th. Finally, Bank of America increased their price objective on NU from $14.00 to $16.00 and gave the company 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 issued a Hold rating to the stock. According to MarketBeat, NU presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.10.

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.