420,000 Shares in Nu Holdings Ltd. $NU Purchased by Kids Capital Management L.P.

Key Points

• Kids Capital Management L.P. acquired 420,000 shares of Nu Holdings Ltd. (NYSE:NU) valued at approximately $4.3 million, making NU about 4.7% of their portfolio.
• Several institutional investors increased their stakes in NU, with one firm, NBC Securities Inc., growing its holdings by 286,000%.
• Analysts have a consensus rating of "Moderate Buy" on NU, with an average price target of $15.50, following recent price upgrades from multiple firms.

Kids Capital Management L.P. purchased a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 420,000 shares of the company's stock, valued at approximately $4,301,000. NU accounts for about 4.7% of Kids Capital Management L.P.'s holdings, making the stock its 9th largest holding.

Other hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. raised its holdings in NU by 286,000.0% in the first quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock valued at $29,000 after buying an additional 2,860 shares during the period. TFC Financial Management Inc. grew its position in NU by 74.1% in the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock valued at $32,000 after acquiring an additional 1,325 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in NU by 51.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock valued at $39,000 after acquiring an additional 1,295 shares in the last quarter. Richards Merrill & Peterson Inc. grew its position in NU by 43.6% in the first quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock valued at $42,000 after acquiring an additional 1,250 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in NU by 128.7% in the first quarter. Farther Finance Advisors LLC now owns 4,250 shares of the company's stock valued at $44,000 after acquiring an additional 2,392 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Stock Performance

Shares of NYSE NU traded down $0.2110 during midday trading on Tuesday, reaching $13.1190. 69,897,597 shares of the company traded hands, compared to its average volume of 57,173,176. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15. The stock has a 50-day moving average price of $12.79 and a 200 day moving average price of $12.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.54 and a quick ratio of 0.54. The company has a market cap of $63.22 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 0.74 and a beta of 1.05.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. NU had a net margin of 17.90% and a return on equity of 31.42%. The business had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.78 billion. During the same period in the previous year, the business earned $0.12 earnings per share. Sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NU has been the subject of several recent research reports. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a research report on Friday, June 13th. Susquehanna raised their price target on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research report on Wednesday, May 14th. Itau BBA Securities raised shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 price target for the company in a research report on Monday. Barclays raised their price objective on NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. raised their price objective on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a research note on Monday, June 30th. Seven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $15.78.

About NU

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.