Nu Holdings Ltd. (NYSE:NU) is Marcho Partners LLP’s 3rd Largest Position

Marcho Partners LLP grew its position in Nu Holdings Ltd. (NYSE:NU) by 62.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,540,289 shares of the company’s stock after acquiring an additional 1,355,376 shares during the period. NU comprises 9.8% of Marcho Partners LLP’s portfolio, making the stock its 3rd largest holding. Marcho Partners LLP owned 0.07% of NU worth $36,677,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. LRI Investments LLC lifted its holdings in NU by 3.1% in the third quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock valued at $341,000 after acquiring an additional 743 shares during the period. OneAscent Wealth Management LLC increased its holdings in NU by 6.5% in the fourth quarter. OneAscent Wealth Management LLC now owns 12,481 shares of the company’s stock valued at $129,000 after buying an additional 760 shares in the last quarter. Coldstream Capital Management Inc. lifted its position in shares of NU by 3.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock valued at $362,000 after acquiring an additional 801 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of NU by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock worth $716,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. grew its holdings in shares of NU by 2.0% in the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company’s stock worth $579,000 after acquiring an additional 1,000 shares during the period. 84.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NU has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on NU from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Barclays decreased their price objective on shares of NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Finally, UBS Group dropped their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.47.

NU Price Performance

NYSE:NU opened at $9.57 on Friday. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $16.15. The firm has a market cap of $45.61 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 0.48 and a beta of 1.14. The company’s 50-day moving average is $11.87 and its two-hundred day moving average is $12.62. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU) last announced 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 business 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 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.