Nu Holdings Ltd. (NYSE:NU) Stock Holdings Increased by Flight Deck Capital LP

Flight Deck Capital LP lifted its stake in Nu Holdings Ltd. (NYSE:NU) by 35.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,082,633 shares of the company’s stock after purchasing an additional 283,800 shares during the period. NU comprises about 12.5% of Flight Deck Capital LP’s holdings, making the stock its 3rd largest holding. Flight Deck Capital LP’s holdings in NU were worth $11,216,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Piscataqua Savings Bank grew its position in shares of NU by 500.0% during 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. increased its position in shares of NU by 190.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock valued at $51,000 after purchasing an additional 3,215 shares during the last quarter. Campbell Capital Management Inc. acquired a new stake in shares of NU in the 4th quarter valued at $52,000. Cliffwater LLC purchased a new stake in shares of NU during the 4th quarter worth $57,000. Finally, Whipplewood Advisors LLC purchased a new position in NU in the fourth quarter valued at $62,000. 84.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NU has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised NU from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $14.00 to $13.00 in a report on Tuesday, April 8th. Barclays raised their price objective on shares of NU from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, April 25th. Finally, UBS Group lowered 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 analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, NU currently has an average rating of “Moderate Buy” and an average target price of $15.47.

NU Stock Performance

NYSE NU opened at $12.84 on Friday. The firm has a market cap of $61.87 billion, a P/E ratio of 32.10, a P/E/G ratio of 0.48 and a beta of 1.11. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $16.15. The business’s 50-day moving average price is $11.19 and its 200 day moving average price is $12.14. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

NU (NYSE:NU) last released its earnings results on Thursday, February 20th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3.17 billion. NU had a return on equity of 30.99% and a net margin of 17.12%. On average, equities research analysts expect that Nu Holdings Ltd. will post 0.58 earnings per share for the current year.

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.