Nu Holdings Ltd. $NU Shares Bought by Aquatic Capital Management LLC

Key Points

• Aquatic Capital Management boosted its stake in Nu Holdings (NYSE:NU) by 373.7% in Q3 to 1,501,227 shares (adding 1,184,296 shares worth ~$24.0M), while other major institutions like Norges Bank, Marshall Wace, Arrowstreet, William Blair and Two Sigma also increased positions, leaving institutional ownership at 84.02%.
• Nu beat the most recent quarter's estimates with $0.19 EPS versus $0.18 and revenue of $4.86B versus $4.55B, reports strong profitability (ROE 30.68%, net margin 18.19%), and trades near $13.88 with a $66.86B market cap and a consensus analyst rating of Moderate Buy (target $18.22).

Aquatic Capital Management LLC increased its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 373.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,501,227 shares of the company's stock after buying an additional 1,184,296 shares during the quarter. Aquatic Capital Management LLC's holdings in NU were worth $24,035,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of NU during the 2nd quarter valued at about $626,569,000. Marshall Wace LLP boosted its position in shares of NU by 98.4% in the third quarter. Marshall Wace LLP now owns 29,141,505 shares of the company's stock worth $466,555,000 after acquiring an additional 14,449,834 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of NU by 276.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 18,416,144 shares of the company's stock worth $294,842,000 after acquiring an additional 13,529,278 shares during the last quarter. William Blair Investment Management LLC grew its holdings in NU by 182.9% in the third quarter. William Blair Investment Management LLC now owns 19,449,424 shares of the company's stock valued at $311,385,000 after purchasing an additional 12,574,893 shares during the period. Finally, Two Sigma Investments LP grew its holdings in NU by 115.4% in the third quarter. Two Sigma Investments LP now owns 15,424,872 shares of the company's stock valued at $246,952,000 after purchasing an additional 8,265,475 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Stock Down 0.7%

Shares of NU stock opened at $13.88 on Friday. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $18.98. The stock has a market cap of $66.86 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 0.54 and a beta of 1.11. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average price of $16.71 and a 200 day moving average price of $16.22.

NU (NYSE:NU - Get Free Report) last issued its earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. NU had a return on equity of 30.68% and a net margin of 18.19%.The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.55 billion. Equities research analysts forecast that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NU has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of NU from $17.00 to $18.00 and gave the stock an "overweight" rating in a research note on Thursday, November 20th. Susquehanna upped their price objective on NU from $19.00 to $22.00 and gave the stock a "positive" rating in a report on Tuesday, January 27th. Santander raised NU from a "neutral" rating to an "outperform" rating in a research report on Thursday, December 4th. Bank of America reiterated a "neutral" rating on shares of NU in a report on Monday, March 9th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $21.00 price target on shares of NU in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.22.

NU Company Profile

Nu Holdings Ltd NYSE: NU, commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.

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