Hiddenite Capital Partners LP Acquires 44,000 Shares of Nu Holdings Ltd. $NU

Key Points

• Hiddenite Capital Partners LP increased its stake in Nu Holdings Ltd. by 44%, acquiring an additional 44,000 shares to hold a total of 144,000 shares, valued at approximately $1.475 million.
• Several other institutional investors also raised their stakes in Nu, including Baillie Gifford & Co., which boosted its ownership by 17.9% to over $2.7 billion.
• Nu reported earnings of $0.14 per share, exceeding estimates, and analysts have recently rated the stock as a "Moderate Buy" with a consensus price target of $16.90.

Hiddenite Capital Partners LP raised its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 44.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 144,000 shares of the company's stock after purchasing an additional 44,000 shares during the quarter. NU makes up about 0.5% of Hiddenite Capital Partners LP's holdings, making the stock its 28th biggest holding. Hiddenite Capital Partners LP's holdings in NU were worth $1,475,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in NU. NBC Securities Inc. increased its position in NU by 286,000.0% during the 1st quarter. NBC Securities Inc. now owns 2,861 shares of the company's stock valued at $29,000 after purchasing an additional 2,860 shares during the period. Capital Analysts LLC purchased a new position in NU during the 1st quarter valued at $31,000. TFC Financial Management Inc. increased its position in NU by 74.1% during the 1st quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock valued at $32,000 after purchasing an additional 1,325 shares during the period. WPG Advisers LLC bought a new stake in shares of NU during the 1st quarter valued at $38,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of NU by 51.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock valued at $39,000 after buying an additional 1,295 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Stock Down 1.2%

NU stock traded down $0.18 during mid-day trading on Thursday, reaching $14.73. The stock had a trading volume of 20,226,792 shares, compared to its average volume of 56,872,406. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market capitalization of $70.95 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 0.78 and a beta of 1.07. The company has a 50-day moving average price of $13.25 and a two-hundred day moving average price of $12.22. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15.

NU (NYSE:NU - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.78 billion. NU had a net margin of 17.90% and a return on equity of 29.91%. During the same quarter in the prior year, the business earned $0.12 EPS. On average, analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Susquehanna boosted their target price on shares of NU from $15.00 to $17.00 and gave the company a "positive" rating in a report on Wednesday, August 27th. UBS Group boosted their target price on shares of NU from $14.30 to $15.60 and gave the company a "neutral" rating in a report on Tuesday. Citigroup upgraded shares of NU from a "sell" rating to a "buy" rating and boosted their target price for the company from $9.00 to $18.00 in a report on Wednesday, August 20th. Santander upgraded shares of NU to a "neutral" rating in a report on Monday, August 25th. Finally, Bradesco Corretora upgraded shares of NU to an "outperform" rating and set a $17.00 target price on the stock in a report on Monday, August 25th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $16.96.

NU Company 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.