Malaga Cove Capital LLC Increases Position in Nu Holdings Ltd. (NYSE:NU)

Malaga Cove Capital LLC increased its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 213.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,847 shares of the company's stock after purchasing an additional 48,901 shares during the period. Malaga Cove Capital LLC's holdings in NU were worth $744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Piscataqua Savings Bank increased its holdings in NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock valued at $31,000 after buying an additional 2,500 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in shares of NU by 190.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock valued at $51,000 after purchasing an additional 3,215 shares during the period. Campbell Capital Management Inc. acquired a new stake in shares of NU in the fourth quarter valued at about $52,000. Cliffwater LLC acquired a new stake in shares of NU in the fourth quarter valued at about $57,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of NU in the fourth quarter valued at about $62,000. Hedge funds and other institutional investors own 84.02% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and dropped their target price for the company from $14.00 to $13.00 in a research report on Tuesday, April 8th. Barclays lifted their target price on shares of NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. UBS Group dropped their target price on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Finally, Susquehanna lifted their target price on shares of NU from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.13.

NU Trading Down 0.7%

NYSE:NU traded down $0.09 on Friday, hitting $13.04. The stock had a trading volume of 40,453,732 shares, compared to its average volume of 42,591,266. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a market cap of $62.83 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 0.48 and a beta of 1.11. The company has a fifty day moving average price of $11.45 and a two-hundred day moving average price of $12.07. Nu Holdings Ltd. has a 1-year low of $9.01 and a 1-year high of $16.15.

NU (NYSE:NU - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.09 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. During the same quarter in the previous year, the firm earned $0.09 earnings per share. Equities research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal 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.