Nu Holdings Ltd. $NU Position Raised by Mission Creek Capital Partners Inc.

Key Points

• Mission Creek Capital Partners Inc. increased its stake in Nu Holdings Ltd. by 684.6%, acquiring an additional 2,012,364 shares, making it the largest position in their portfolio.
• Recent analyst upgrades include Citigroup raising Nu's rating from "sell" to "buy" with a price target increase from $9.00 to $18.00, reflecting a positive outlook on the stock.
• Nu Holdings reported a quarterly EPS of $0.14, exceeding estimates, with revenues of $3.70 billion, which was slightly below analyst expectations of $3.78 billion.

Mission Creek Capital Partners Inc. raised its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 684.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,306,308 shares of the company's stock after buying an additional 2,012,364 shares during the quarter. NU comprises about 5.2% of Mission Creek Capital Partners Inc.'s portfolio, making the stock its largest position. Mission Creek Capital Partners Inc.'s holdings in NU were worth $23,617,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC increased its stake in shares of NU by 132.8% in the 4th quarter. Integrated Wealth Concepts LLC now owns 58,652 shares of the company's stock valued at $608,000 after acquiring an additional 33,455 shares in the last quarter. Quarry LP grew its position in NU by 15.3% during the fourth quarter. Quarry LP now owns 9,095 shares of the company's stock valued at $94,000 after acquiring an additional 1,205 shares during the last quarter. Northern Trust Corp grew its holdings 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 worth $264,140,000 after purchasing an additional 7,930,598 shares during the last quarter. AQR Capital Management LLC boosted its holdings in NU by 242.2% in the fourth quarter. AQR Capital Management LLC now owns 1,028,385 shares of the company's stock valued at $10,654,000 after acquiring an additional 727,880 shares in the last quarter. Finally, PDT Partners LLC bought a new stake in shares of NU during the 4th quarter valued at $2,737,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Performance

NU stock traded up $0.04 during mid-day trading on Friday, hitting $14.81. 37,347,665 shares of the company were exchanged, compared to its average volume of 54,728,864. The business has a 50 day simple moving average of $13.14 and a 200-day simple moving average of $12.19. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $71.34 billion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 0.78 and a beta of 1.05. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NU. Bradesco Corretora raised NU to an "outperform" rating and set a $17.00 target price for the company in a research report on Monday, August 25th. JPMorgan Chase & Co. increased their target price on NU from $14.50 to $16.00 and gave the company an "overweight" rating in a research report on Monday, June 30th. Morgan Stanley restated an "overweight" rating on shares of NU in a report on Friday, June 13th. Citigroup upgraded NU from a "sell" rating to a "buy" rating and lifted their price objective for the company from $9.00 to $18.00 in a report on Wednesday, August 20th. Finally, Bank of America boosted their price target on NU from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Monday, August 25th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $16.90.

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.