On September 2, Nu Holdings Ltd. rose 3.01% in regular trading, trading at $14.885/share, with turnover of approximately $40.93 million. The advance was supported by a combination of strong second-quarter results and continued institutional endorsement.

Nu Holdings reported Q2 net income of $1.06 billion, up 49% year-over-year and marking the first quarter the company surpassed the $1 billion profit threshold. Revenue came in at $5.88 billion, a 56% year-over-year increase that comfortably exceeded the FactSet consensus estimate of $5.39 billion. Earnings per share of $0.22 also topped the $0.20 estimate by 10%. Operationally, global customers grew to nearly 139 million, while average revenue per active customer and engagement metrics continued to climb.

On the institutional front, UBS raised its price target on Nu Holdings to $18.20 from $16.90 while maintaining a Buy rating. Separately, SEC filings revealed that Lone Pine Capital increased its stake by 24.2% to 47.2 million Class A shares, signaling sustained conviction from major funds. The company also has a $1 billion share repurchase program in effect, providing an additional layer of support.

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