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

Malaga Cove Capital LLC raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 213.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 71,847 shares of the company’s stock after acquiring an additional 48,901 shares during the period. Malaga Cove Capital LLC’s holdings in NU were worth $744,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in NU during the 4th quarter valued at $447,762,000. Arrowstreet Capital Limited Partnership raised its stake in shares of NU by 2,193.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,109,184 shares of the company’s stock valued at $187,611,000 after acquiring an additional 17,319,681 shares during the last quarter. D1 Capital Partners L.P. purchased a new stake in shares of NU during the fourth quarter worth about $154,209,000. Baillie Gifford & Co. grew its stake in shares of NU by 7.1% in the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after purchasing an additional 14,875,891 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. purchased a new position in NU during the 4th quarter valued at about $92,194,000. 84.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NU has been the topic of a number of recent analyst reports. Barclays lifted their price objective on NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, April 25th. 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, JPMorgan Chase & Co. raised shares of NU from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $14.00 to $13.00 in a research report on Tuesday, April 8th. One equities research 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.47.

NU Trading Up 1.5%

Shares of NYSE NU opened at $13.14 on Wednesday. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $16.15. 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 50-day moving average of $11.28 and a 200 day moving average of $12.09. The stock has a market cap of $63.32 billion, a P/E ratio of 32.85, a price-to-earnings-growth ratio of 0.48 and a beta of 1.11.

NU (NYSE:NU) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. As a group, sell-side 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.