PDT Partners LLC Sells 252,807 Shares of Nu Holdings Ltd. $NU

Key Points

• PDT Partners LLC significantly reduced its holdings in Nu Holdings Ltd. by 95.7% during the first quarter, selling 252,807 shares and leaving it with 11,404 shares valued at $117,000.
• Several institutional investors have increased their stakes in Nu, with GAMMA Investing LLC raising its position by 2,069.9% to own 72,192 shares worth $7,050,000.
• Nu Holdings recently reported $0.14 earnings per share, exceeding analysts' expectations of $0.12, with a net margin of 17.90% for the quarter.

PDT Partners LLC decreased its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 95.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,404 shares of the company's stock after selling 252,807 shares during the period. PDT Partners LLC's holdings in NU were worth $117,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Focus Partners Advisor Solutions LLC lifted its position in shares of NU by 5.5% in the first quarter. Focus Partners Advisor Solutions LLC now owns 15,974 shares of the company's stock worth $164,000 after purchasing an additional 838 shares in the last quarter. Perigon Wealth Management LLC grew its stake in NU by 8.4% in the first quarter. Perigon Wealth Management LLC now owns 14,641 shares of the company's stock valued at $150,000 after purchasing an additional 1,136 shares in the last quarter. Richards Merrill & Peterson Inc. increased its position in shares of NU by 43.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 4,115 shares of the company's stock worth $42,000 after purchasing an additional 1,250 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of NU by 51.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 3,815 shares of the company's stock worth $39,000 after purchasing an additional 1,295 shares in the last quarter. Finally, TFC Financial Management Inc. raised its stake in shares of NU by 74.1% during the 1st 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 in the last quarter. Institutional investors own 84.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Itau BBA Securities raised shares of NU from a "market perform" rating to an "outperform" rating and set a $18.00 price objective for the company in a research report on Monday, August 18th. UBS Group lifted their price objective on shares of NU from $14.30 to $15.60 and gave the stock a "neutral" rating in a research report on Tuesday, September 2nd. Bank of America lifted their price objective on shares of NU from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, August 25th. Morgan Stanley reaffirmed an "overweight" rating on shares of NU in a research report on Friday, June 13th. Finally, Susquehanna lifted their price objective on shares of NU from $15.00 to $17.00 and gave the stock a "positive" rating in a research report on Wednesday, August 27th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, NU has an average rating of "Moderate Buy" and a consensus price target of $17.06.

NU Trading Up 1.5%

Shares of NU stock traded up $0.23 on Tuesday, hitting $15.45. The stock had a trading volume of 40,615,479 shares, compared to its average volume of 56,919,137. The firm has a market capitalization of $74.45 billion, a P/E ratio of 33.59, a PEG ratio of 0.77 and a beta of 1.07. The stock has a 50 day moving average of $13.34 and a 200 day moving average of $12.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.57. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $16.15.

NU (NYSE:NU - Get Free Report) last released 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 net margin of 17.90% and a return on equity of 29.91%. The business had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the prior year, the firm posted $0.12 EPS. Sell-side analysts expect 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.