D1 Capital Partners L.P. purchased a new position in Nu Holdings Ltd. (NYSE:NU - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 14,885,000 shares of the company's stock, valued at approximately $154,209,000. NU makes up about 2.6% of D1 Capital Partners L.P.'s investment portfolio, making the stock its 13th largest holding. D1 Capital Partners L.P. owned 0.31% of NU as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Piscataqua Savings Bank lifted its position in shares of NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock worth $31,000 after buying an additional 2,500 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings 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 worth $51,000 after acquiring an additional 3,215 shares in the last quarter. Campbell Capital Management Inc. bought a new position in shares of NU during the 4th quarter valued at approximately $52,000. Whipplewood Advisors LLC purchased a new position in shares of NU in the fourth quarter valued at $62,000. Finally, Ethos Financial Group LLC purchased a new stake in NU during the fourth quarter valued at $82,000. 84.02% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of NU from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. UBS Group cut their price target on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Finally, Barclays decreased their price objective on shares of NU from $17.00 to $15.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $15.36.
Check Out Our Latest Analysis on NU
NU Stock Performance
Shares of NU stock opened at $11.49 on Thursday. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15. The company has a 50-day simple moving average of $11.05 and a two-hundred day simple moving average of $12.27. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market capitalization of $54.76 billion, a PE ratio of 28.73, a P/E/G ratio of 0.48 and a beta of 1.14.
NU (NYSE:NU - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. NU had a net margin of 17.12% and a return on equity of 30.99%. Research analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.
NU Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding NU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nu Holdings Ltd. (NYSE:NU - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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