16,105 Shares in Nu Holdings Ltd. $NU Purchased by DLD Asset Management LP

DLD Asset Management LP bought a new position in Nu Holdings Ltd. (NYSE:NU) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 16,105 shares of the company’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in NU by 24.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 54,435,568 shares of the company’s stock worth $557,422,000 after buying an additional 10,785,851 shares during the period. Jennison Associates LLC grew its stake in NU by 38.1% in the second quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock valued at $575,728,000 after purchasing an additional 11,567,865 shares in the last quarter. Kontiki Capital Management HK Ltd. increased its holdings in NU by 54.3% in the first quarter. Kontiki Capital Management HK Ltd. now owns 32,575,725 shares of the company’s stock worth $333,575,000 after buying an additional 11,465,700 shares during the last quarter. Legal & General Group Plc grew its position in NU by 0.7% in the second quarter. Legal & General Group Plc now owns 28,745,580 shares of the company’s stock worth $394,389,000 after acquiring an additional 194,423 shares in the last quarter. Finally, Northern Trust Corp increased its position in NU by 9.3% during the first quarter. Northern Trust Corp now owns 27,869,591 shares of the company’s stock worth $285,385,000 after buying an additional 2,373,500 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Trading Up 3.8%

Shares of NU stock opened at $17.25 on Thursday. The firm has a market capitalization of $83.10 billion, a P/E ratio of 33.81, a price-to-earnings-growth ratio of 0.82 and a beta of 1.08. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $17.38. The firm’s fifty day simple moving average is $15.72 and its 200 day simple moving average is $14.07. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. The company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $3.96 billion. NU had a net margin of 17.97% and a return on equity of 30.12%. As a group, sell-side analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Ratings Changes

NU has been the topic of a number of recent analyst reports. Bank of America raised their price objective on NU from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, August 25th. Santander raised shares of NU to a “neutral” rating in a research report on Monday, August 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NU in a report on Wednesday, October 8th. Itau BBA Securities upgraded shares of 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. Finally, Bradesco Corretora raised shares of NU to an “outperform” rating and set a $17.00 target price for the company in a research report on Monday, August 25th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $17.44.

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.