Oppenheimer Asset Management Inc. Has $315,000 Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Oppenheimer Asset Management Inc. lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 13.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,089 shares of the company’s stock after acquiring an additional 2,695 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in NU were worth $315,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hamilton Lane Advisors LLC lifted its holdings in shares of NU by 97.8% in the first quarter. Hamilton Lane Advisors LLC now owns 500,791 shares of the company’s stock worth $5,974,000 after buying an additional 247,642 shares in the last quarter. Avantax Advisory Services Inc. bought a new stake in NU in the first quarter worth $130,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of NU during the first quarter valued at about $7,490,000. Vanguard Group Inc. lifted its stake in shares of NU by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 9,593,217 shares of the company’s stock valued at $114,447,000 after acquiring an additional 343,114 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in NU by 9.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 69,452 shares of the company’s stock worth $829,000 after acquiring an additional 6,205 shares during the last quarter. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on NU shares. Susquehanna lifted 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. Bank of America upped their target price on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Barclays boosted their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. KeyCorp increased their price objective on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group upped their price target on NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.21.

NU Stock Down 1.1 %

Shares of NYSE:NU opened at $13.32 on Thursday. The stock has a market cap of $63.46 billion, a P/E ratio of 36.99, a PEG ratio of 0.64 and a beta of 1.13. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average of $14.45 and a two-hundred day moving average of $13.27. Nu Holdings Ltd. has a 52-week low of $8.04 and a 52-week high of $16.15.

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.