Connor Clark & Lunn Investment Management Ltd. Invests $164,000 in Nu Holdings Ltd. (NYSE:NU)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Nu Holdings Ltd. (NYSE:NU) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,011 shares of the company’s stock, valued at approximately $164,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NU. Massmutual Trust Co. FSB ADV grew its stake in shares of NU by 287.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after buying an additional 1,422 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after purchasing an additional 815 shares during the period. Carolina Wealth Advisors LLC acquired a new position in shares of NU during the third quarter worth $44,000. Toth Financial Advisory Corp purchased a new position in shares of NU in the third quarter valued at $55,000. Finally, ORG Partners LLC acquired a new stake in NU during the 2nd quarter valued at $54,000. 80.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NU shares. JPMorgan Chase & Co. upped their price objective on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Bank of America raised their price objective on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Barclays raised their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Finally, KeyCorp upped their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.21.

NU Stock Down 7.4 %

NU stock opened at $12.53 on Monday. The firm has a market cap of $59.72 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 0.61 and a beta of 1.13. Nu Holdings Ltd. has a 1-year low of $8.04 and a 1-year high of $16.15. The firm has a fifty day moving average price of $14.28 and a two-hundred day moving average price of $13.36. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

NU Company Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.