CenterBook Partners LP Makes New Investment in Nu Holdings Ltd. (NYSE:NU)

Key Points

• CenterBook Partners LP has invested approximately $2.18 million in Nu Holdings Ltd., acquiring 213,137 shares of the company's stock.
• Nu Holdings reported a miss in earnings per share at $0.11 for the last quarter, slightly below analysts' expectations of $0.12, but exceeded revenue predictions with $3.25 billion.
• Multiple firms have adjusted their price targets for Nu Holdings, with JPMorgan and Barclays both raising their target to $16.00 and retaining an "overweight" rating on the stock.

CenterBook Partners LP bought a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 213,137 shares of the company's stock, valued at approximately $2,183,000.

Other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC increased its stake in shares of NU by 19.7% in the fourth quarter. Advisory Services Network LLC now owns 65,479 shares of the company's stock valued at $678,000 after buying an additional 10,782 shares during the period. Raymond James Financial Inc. acquired a new position in shares of NU in the fourth quarter valued at approximately $3,499,000. Treasurer of the State of North Carolina increased its stake in shares of NU by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 1,399,497 shares of the company's stock valued at $14,499,000 after buying an additional 8,780 shares during the period. Sterling Capital Management LLC increased its stake in shares of NU by 17.5% in the fourth quarter. Sterling Capital Management LLC now owns 525,123 shares of the company's stock valued at $5,440,000 after buying an additional 78,337 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in shares of NU by 241.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 260,419 shares of the company's stock valued at $2,698,000 after buying an additional 184,233 shares during the period. Institutional investors and hedge funds own 84.02% of the company's stock.

NU Trading Down 1.0%

NU stock traded down $0.12 during trading on Friday, hitting $12.29. The company had a trading volume of 21,282,676 shares, compared to its average volume of 57,094,264. The stock has a market cap of $59.22 billion, a PE ratio of 28.58, a PEG ratio of 0.70 and a beta of 1.05. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15. The business has a 50-day moving average of $12.74 and a 200-day moving average of $12.16. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The company had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.09 billion. NU had a net margin of 17.88% and a return on equity of 30.77%. During the same period in the previous year, the company posted $0.09 earnings per share. Research analysts predict that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a research note on Friday, June 13th. JPMorgan Chase & Co. upped their price objective on NU from $14.50 to $16.00 and gave the company an "overweight" rating in a research note on Monday, June 30th. Barclays upped their price objective on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, Susquehanna upped their price objective on NU from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, NU has a consensus rating of "Moderate Buy" and a consensus price target of $15.50.

NU 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.