Partners Group Holding AG Increases Stake in Nu Holdings Ltd. $NU

Partners Group Holding AG boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 3,009.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,796,686 shares of the company’s stock after purchasing an additional 4,642,407 shares during the quarter. NU comprises about 4.3% of Partners Group Holding AG’s investment portfolio, making the stock its 4th largest position. Partners Group Holding AG’s holdings in NU were worth $76,795,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NU. State Street Corp increased its holdings in shares of NU by 2.4% in the 2nd quarter. State Street Corp now owns 91,238,735 shares of the company’s stock worth $1,251,795,000 after buying an additional 2,158,037 shares during the last quarter. WCM Investment Management LLC raised its position in NU by 0.9% during the third quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock valued at $1,187,935,000 after purchasing an additional 659,526 shares during the period. Sands Capital Management LLC lifted its stake in shares of NU by 5.9% in the 2nd quarter. Sands Capital Management LLC now owns 54,504,428 shares of the company’s stock valued at $747,801,000 after purchasing an additional 3,060,463 shares during the last quarter. Norges Bank purchased a new position in shares of NU in the 2nd quarter worth approximately $626,569,000. Finally, Jennison Associates LLC increased its position in shares of NU by 38.1% during the 2nd 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 during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Stock Performance

Shares of NYSE:NU opened at $16.62 on Thursday. The firm’s 50 day simple moving average is $17.19 and its 200-day simple moving average is $16.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.56. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $18.98. The firm has a market cap of $80.09 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 0.54 and a beta of 1.08.

NU (NYSE:NU) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. NU had a return on equity of 30.12% and a net margin of 17.97%.The firm had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.55 billion. As a group, equities analysts predict that Nu Holdings Ltd. will post 0.58 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NU. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. Weiss Ratings raised shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. Zacks Research raised shares of NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. Itau BBA Securities reiterated an “outperform” rating on shares of NU in a report on Tuesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.34.

NU Company Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.