67,788 Shares in Nu Holdings Ltd. $NU Acquired by Partners Capital Investment Group LLP

Key Points

• Partners Capital Investment Group LLP has acquired 67,788 shares of Nu Holdings Ltd., valued at approximately $694,000, indicating strong interest in the company's stock.
• Nu Holdings reported a quarterly earnings per share of $0.14, exceeding analysts' expectations of $0.12, despite revenue of $3.70 billion falling short of the forecast.
• Several analysts have upgraded their ratings for NU stock, with a consensus target price of $16.56 and 80% of analysts rating it as a "Buy".

Partners Capital Investment Group LLP purchased a new stake in Nu Holdings Ltd. (NYSE:NU - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 67,788 shares of the company's stock, valued at approximately $694,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Perigon Wealth Management LLC grew its position in NU by 8.4% during the first quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company's stock worth $150,000 after buying an additional 1,136 shares in the last quarter. Quarry LP increased its holdings in NU by 15.3% during the 4th quarter. Quarry LP now owns 9,095 shares of the company's stock worth $94,000 after purchasing an additional 1,205 shares in the last quarter. Richards Merrill & Peterson Inc. increased its position in shares of NU by 43.6% in the first quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock valued at $42,000 after acquiring an additional 1,250 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of NU by 51.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock valued at $39,000 after buying an additional 1,295 shares during the period. Finally, TFC Financial Management Inc. lifted its stake in NU by 74.1% during the first quarter. TFC Financial Management Inc. now owns 3,114 shares of the company's stock worth $32,000 after purchasing an additional 1,325 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Itau BBA Securities upgraded NU from a "market perform" rating to an "outperform" rating and set a $18.00 target price on the stock in a research note on Monday, August 18th. Citigroup raised NU from a "sell" rating to a "buy" rating and boosted their price target for the stock from $9.00 to $18.00 in a research report on Wednesday, August 20th. Morgan Stanley restated an "overweight" rating on shares of NU in a research report on Friday, June 13th. Bradesco Corretora upgraded shares of NU to an "outperform" rating and set a $17.00 price objective for the company in a report on Monday. Finally, Santander raised NU to a "neutral" rating in a research report on Monday. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $16.90.

NU Stock Up 1.2%

NYSE NU traded up $0.17 during trading hours on Wednesday, hitting $14.41. The company had a trading volume of 18,031,695 shares, compared to its average volume of 57,156,824. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.57 and a quick ratio of 0.57. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The firm's 50 day moving average is $12.99 and its 200 day moving average is $12.17. The company has a market capitalization of $69.41 billion, a price-to-earnings ratio of 31.32, a P/E/G ratio of 0.79 and a beta of 1.05.

NU (NYSE:NU - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. NU had a return on equity of 29.91% 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 in the previous year, the company earned $0.12 earnings per share. Sell-side analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share 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.