Nu Holdings Ltd. (NYSE:NU) Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 11.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,668 shares of the company’s stock after purchasing an additional 1,852 shares during the quarter. HB Wealth Management LLC’s holdings in NU were worth $183,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NU. Massmutual Trust Co. FSB ADV boosted its holdings in NU by 287.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after purchasing an additional 1,422 shares during the period. Carolina Wealth Advisors LLC acquired a new position in shares of NU in the 3rd quarter valued at about $44,000. Toth Financial Advisory Corp bought a new stake in shares of NU during the 3rd quarter valued at about $55,000. GAMMA Investing LLC grew its position in shares of NU by 81.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock valued at $56,000 after buying an additional 1,855 shares during the last quarter. Finally, Huntington National Bank raised its stake in NU by 86.3% during the third quarter. Huntington National Bank now owns 4,601 shares of the company’s stock worth $63,000 after acquiring an additional 2,131 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NU has been the subject of a number of research reports. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and decreased their target price for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Susquehanna boosted their price target on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. KeyCorp increased their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. The Goldman Sachs Group raised their target price on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $15.63.

NU Stock Up 1.3 %

NU stock opened at $12.35 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a market cap of $58.84 billion, a PE ratio of 34.29, a PEG ratio of 0.43 and a beta of 1.05. Nu Holdings Ltd. has a 1 year low of $8.51 and a 1 year high of $16.15. The company has a fifty day simple moving average of $11.71 and a 200 day simple moving average of $13.14.

About NU

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.