In Depth Partners LLC Grows Holdings in Nu Holdings Ltd. $NU

Key Points

• In Depth Partners LLC increased its holdings in Nu Holdings by 18.8%, owning 502,843 shares valued at approximately $5.15 million, ranking NU as its 7th largest holding.
• Analysts have adjusted price targets for Nu Holdings, with Citigroup raising it to $18.00 and classifying the stock as a "buy", resulting in a consensus price target of $16.56.
• Nu Holdings reported earnings of $0.14 EPS for the last quarter, exceeding expectations of $0.12 EPS, with a revenue of $3.70 billion despite it being below analysts' forecasts.

In Depth Partners LLC increased its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 18.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 502,843 shares of the company's stock after buying an additional 79,625 shares during the period. NU comprises approximately 5.9% of In Depth Partners LLC's portfolio, making the stock its 7th largest position. In Depth Partners LLC's holdings in NU were worth $5,149,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. NBC Securities Inc. boosted 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 worth $29,000 after buying an additional 2,860 shares during the period. Capital Analysts LLC acquired a new position in shares of NU in the 1st quarter worth approximately $31,000. TFC Financial Management Inc. boosted its stake in shares of NU by 74.1% in 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 last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of NU by 51.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock valued at $39,000 after purchasing an additional 1,295 shares during the last quarter. Finally, Richards Merrill & Peterson Inc. boosted its stake in shares of NU by 43.6% in the 1st quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock valued at $42,000 after purchasing an additional 1,250 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NU has been the topic of a number of analyst reports. Bradesco Corretora raised shares of NU to an "outperform" rating and set a $17.00 price objective on the stock in a research note on Monday. JPMorgan Chase & Co. upped their price objective on shares of NU from $14.50 to $16.00 and gave the company an "overweight" rating in a research note on Monday, June 30th. Bank of America upped their price objective on shares of NU from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Monday. Citigroup raised shares of NU from a "sell" rating to a "buy" rating and upped their price objective for the company from $9.00 to $18.00 in a research note on Wednesday, August 20th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a research note on Friday, June 13th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $16.70.

NU Stock Up 0.4%

NYSE NU traded up $0.06 on Tuesday, hitting $14.29. 70,749,814 shares of the company were exchanged, compared to its average volume of 51,891,928. The company has a market cap of $68.83 billion, a PE ratio of 31.06, a PEG ratio of 0.79 and a beta of 1.05. Nu Holdings Ltd. has a 12 month low of $9.01 and a 12 month high of $16.15. The stock has a fifty day moving average of $12.99 and a 200-day moving average of $12.17. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24.

NU (NYSE:NU - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates 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 prior year, the firm earned $0.12 earnings per share. As a group, analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

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.