In Depth Partners LLC Purchases 78,636 Shares of Nu Holdings Ltd. (NYSE:NU)

In Depth Partners LLC boosted its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 22.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 423,218 shares of the company's stock after buying an additional 78,636 shares during the quarter. NU makes up approximately 4.6% of In Depth Partners LLC's portfolio, making the stock its 9th largest holding. In Depth Partners LLC's holdings in NU were worth $4,385,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Piscataqua Savings Bank grew its holdings in shares of 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 purchasing an additional 2,500 shares during the period. TD Waterhouse Canada Inc. raised its position in shares of NU by 190.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company's stock valued at $51,000 after buying an additional 3,215 shares during the period. Campbell Capital Management Inc. purchased a new position in NU in the fourth quarter worth approximately $52,000. Whipplewood Advisors LLC acquired a new position in shares of NU in the 4th quarter valued at $62,000. Finally, Ethos Financial Group LLC purchased a new position in shares of NU during the 4th quarter worth $82,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on NU. UBS Group decreased 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. JPMorgan Chase & Co. raised shares of NU from a "neutral" rating to an "overweight" rating and lowered their price objective for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. Finally, Barclays boosted their target price on NU from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $15.47.

NU Stock Up 2.2 %

Shares of NU stock traded up $0.26 during trading hours on Friday, reaching $12.01. 41,714,393 shares of the stock were exchanged, compared to its average volume of 40,884,205. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The business's fifty day moving average is $10.98 and its two-hundred day moving average is $12.24. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a market capitalization of $57.24 billion, a P/E ratio of 30.03, a P/E/G ratio of 0.48 and a beta of 1.14.

NU (NYSE:NU - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting analysts' consensus estimates of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. As a group, research 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.