Adalta Capital Management LLC Increases Holdings in Nu Holdings Ltd. (NYSE:NU)

Adalta Capital Management LLC grew its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 27.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 106,500 shares of the company's stock after acquiring an additional 22,950 shares during the period. Adalta Capital Management LLC's holdings in NU were worth $1,103,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Norges Bank bought a new stake in NU in the fourth quarter valued at $447,762,000. Arrowstreet Capital Limited Partnership grew its stake in shares of NU by 2,193.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company's stock valued at $187,611,000 after buying an additional 17,319,681 shares during the period. D1 Capital Partners L.P. bought a new stake in NU in the 4th quarter valued at about $154,209,000. Baillie Gifford & Co. increased its position in NU by 7.1% in the 4th quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company's stock valued at $2,330,786,000 after buying an additional 14,875,891 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. acquired a new position in NU during the 4th quarter worth approximately $92,194,000. Institutional investors and hedge funds own 84.02% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on NU. JPMorgan Chase & Co. raised NU from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. UBS Group cut their target price on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Susquehanna boosted their price target on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday, May 14th. Finally, Barclays upped their price objective on shares of NU from $15.00 to $16.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $15.13.

NU Stock Down 2.2%

NU stock traded down $0.27 during trading on Friday, hitting $11.98. 77,281,317 shares of the company were exchanged, compared to its average volume of 43,404,016. The company has a market capitalization of $57.73 billion, a P/E ratio of 29.95, a PEG ratio of 0.48 and a beta of 1.11. The business's 50 day moving average is $11.55 and its 200 day moving average is $11.98. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $16.15. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the company earned $0.09 EPS. Analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

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.