Marcho Partners LLP Purchases 375,720 Shares of Nu Holdings Ltd. (NYSE:NU)

Key Points

• Marcho Partners LLP increased its investment in Nu Holdings Ltd. by 10.6% in Q1, now holding nearly 14.7% of its portfolio in NU with a value of approximately $40.1 million.
• A variety of hedge funds have also shown increased interest in Nu Holdings, with some boosting their stakes by as much as 74.1% in the most recent quarter.
• Analysts have generally issued positive ratings for NU, with price targets raised to as high as $16.00, indicating a consensus rating of "Moderate Buy" with an average price target around $15.50.

Marcho Partners LLP raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,916,009 shares of the company's stock after acquiring an additional 375,720 shares during the quarter. NU makes up 14.7% of Marcho Partners LLP's investment portfolio, making the stock its 3rd biggest holding. Marcho Partners LLP owned about 0.08% of NU worth $40,100,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NU. Advisory Services Network LLC boosted its position in shares of NU by 19.7% in the 4th quarter. Advisory Services Network LLC now owns 65,479 shares of the company's stock valued at $678,000 after purchasing an additional 10,782 shares during the period. Raymond James Financial Inc. purchased a new stake in NU in the fourth quarter valued at approximately $3,499,000. Rockefeller Capital Management L.P. boosted its holdings in shares of NU by 241.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 260,419 shares of the company's stock valued at $2,698,000 after acquiring an additional 184,233 shares during the period. Townsquare Capital LLC boosted its holdings in shares of NU by 555.0% in the fourth quarter. Townsquare Capital LLC now owns 94,650 shares of the company's stock valued at $981,000 after acquiring an additional 80,199 shares during the period. Finally, Barclays PLC boosted its holdings in shares of NU by 10.7% in the fourth quarter. Barclays PLC now owns 1,112,243 shares of the company's stock valued at $11,523,000 after acquiring an additional 107,221 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NU shares. Morgan Stanley reiterated an "overweight" rating on shares of NU in a research report on Friday, June 13th. Barclays lifted their price objective on shares of 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 target price on shares of NU from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. raised their price target on NU from $14.50 to $16.00 and gave the stock an "overweight" rating in a report on Monday, June 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, NU presently has an average rating of "Moderate Buy" and an average price target of $15.50.

NU Trading Up 8.9%

Shares of NU stock traded up $1.07 during mid-day trading on Friday, hitting $13.08. 130,466,648 shares of the company's stock were exchanged, compared to its average volume of 43,311,320. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The stock has a 50-day simple moving average of $12.76 and a two-hundred day simple moving average of $12.16. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.20. The stock has a market cap of $63.03 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 0.68 and a beta of 1.05.

NU (NYSE:NU - Get Free Report) last issued its 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. NU had a return on equity of 31.42% and a net margin of 17.90%. The firm had revenue of $3.70 billion for the quarter, compared to analysts' expectations of $3.78 billion. During the same quarter last year, the firm earned $0.12 earnings per share. Equities analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.

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.