Flight Deck Capital LP Buys 283,800 Shares of Nu Holdings Ltd. (NYSE:NU)

Flight Deck Capital LP lifted its stake in Nu Holdings Ltd. (NYSE:NU) by 35.5% in the 4th quarter, Holdings Channel reports. The firm owned 1,082,633 shares of the company’s stock after purchasing an additional 283,800 shares during the quarter. NU accounts for approximately 12.5% of Flight Deck Capital LP’s portfolio, making the stock its 3rd biggest position. Flight Deck Capital LP’s holdings in NU were worth $11,216,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Piscataqua Savings Bank boosted its stake in shares of NU by 500.0% during the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after acquiring an additional 2,500 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in NU by 190.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 4,900 shares of the company’s stock worth $51,000 after purchasing an additional 3,215 shares during the last quarter. Campbell Capital Management Inc. purchased a new stake in NU during the fourth quarter worth $52,000. Cliffwater LLC acquired a new stake in NU in the fourth quarter valued at $57,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of NU in the fourth quarter valued at $62,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Up 0.3 %

NU stock opened at $12.84 on Friday. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $16.15. The stock has a market capitalization of $61.87 billion, a P/E ratio of 32.10, a PEG ratio of 0.48 and a beta of 1.11. The company has a 50 day moving average price of $11.19 and a two-hundred day moving average price of $12.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

NU (NYSE:NU) last released its earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.17 billion. As a group, sell-side analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on NU shares. UBS Group decreased their price objective on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Barclays increased their price target on shares of NU from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. raised NU from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $14.00 to $13.00 in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.47.

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.