Hamilton Lane Advisors LLC Takes Position in Nu Holdings Ltd. (NYSE:NU)

Hamilton Lane Advisors LLC purchased a new stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,139,213 shares of the company's stock, valued at approximately $42,386,000. NU comprises approximately 36.5% of Hamilton Lane Advisors LLC's holdings, making the stock its 2nd largest holding. Hamilton Lane Advisors LLC owned 0.09% of NU as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in NU. NBC Securities Inc. increased its stake in shares of NU by 286,000.0% during the first quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock valued at $29,000 after acquiring an additional 2,860 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of NU by 51.4% during 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 during the period. Orion Capital Management LLC acquired a new position in shares of NU during the fourth quarter valued at approximately $50,000. TD Waterhouse Canada Inc. increased its stake in shares of NU by 190.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock valued at $51,000 after acquiring an additional 3,215 shares during the period. Finally, Campbell Capital Management Inc. acquired a new position in shares of NU during the fourth quarter valued at approximately $52,000. Institutional investors own 84.02% of the company's stock.

NU Stock Up 0.2%

NYSE:NU traded up $0.03 during trading hours on Friday, hitting $12.14. 40,872,492 shares of the stock traded hands, compared to its average volume of 44,205,653. The firm has a 50 day moving average price of $11.74 and a 200 day moving average price of $11.78. 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 Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The firm has a market cap of $58.50 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 0.48 and a beta of 1.04.

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

Analyst Ratings Changes

A number of research analysts recently commented on NU shares. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and lowered their price objective for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. UBS Group dropped their price target on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Barclays upped their price target on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, Susquehanna upped their price target on NU from $14.00 to $15.00 and gave the company a "positive" rating in a report on Wednesday, May 14th. One equities 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 company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $15.13.

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.