Intellectus Partners LLC Takes $575,000 Position in Nu Holdings Ltd. (NYSE:NU)

Intellectus Partners LLC acquired a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 56,190 shares of the company's stock, valued at approximately $575,000.

A number of other hedge funds have also modified their holdings of the company. Baillie Gifford & Co. increased its stake 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 during the last quarter. Norges Bank bought a new position in shares of NU in the 4th quarter valued at about $447,762,000. Geode Capital Management LLC grew its holdings in shares of NU by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 33,777,551 shares of the company's stock valued at $348,774,000 after acquiring an additional 1,179,748 shares in the last quarter. Northern Trust Corp increased its position in shares of NU by 45.1% in the fourth quarter. Northern Trust Corp now owns 25,496,091 shares of the company's stock valued at $264,140,000 after acquiring an additional 7,930,598 shares during the last quarter. Finally, Ribbit Management Company LLC raised its holdings in NU by 22.1% during the fourth quarter. Ribbit Management Company LLC now owns 25,243,753 shares of the company's stock worth $261,525,000 after acquiring an additional 4,575,000 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NU. Barclays raised their price target on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Susquehanna increased their price objective on NU from $14.00 to $15.00 and gave the company a "positive" rating in a report on Wednesday, May 14th. JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and decreased their target price for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. Finally, UBS Group dropped their price target on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, NU presently has an average rating of "Moderate Buy" and a consensus price target of $15.13.

NU Stock Up 0.2%

NU stock opened at $12.14 on Friday. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15. The business's 50 day simple moving average is $11.74 and its 200 day simple moving average is $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. The firm has a market capitalization of $58.50 billion, a PE ratio of 30.35, a PEG ratio of 0.48 and a beta of 1.04.

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

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