Park Avenue Securities LLC Increases Stock Position in Nu Holdings Ltd. (NYSE:NU)

Park Avenue Securities LLC grew its position in shares of Nu Holdings Ltd. (NYSE:NU) by 57.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,682 shares of the company’s stock after purchasing an additional 11,586 shares during the quarter. Park Avenue Securities LLC’s holdings in NU were worth $328,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

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

NU Stock Performance

NU opened at $12.35 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market cap of $58.84 billion, a PE ratio of 34.29, a price-to-earnings-growth ratio of 0.43 and a beta of 1.05. The stock has a 50-day moving average of $11.71 and a 200-day moving average of $13.14. Nu Holdings Ltd. has a 52-week low of $8.51 and a 52-week high of $16.15.

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.