Blue Trust Inc. Has $226,000 Stock Position in Nu Holdings Ltd. (NYSE:NU)

Blue Trust Inc. lifted its stake in Nu Holdings Ltd. (NYSE:NU) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,784 shares of the company’s stock after acquiring an additional 1,011 shares during the quarter. Blue Trust Inc.’s holdings in NU were worth $226,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NU. Piscataqua Savings Bank increased its position in NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after buying an additional 2,500 shares during the last quarter. Huntington National Bank increased its position 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 buying an additional 2,131 shares during the last quarter. Berbice Capital Management LLC acquired a new position in NU during the fourth quarter worth approximately $93,000. SteelPeak Wealth LLC acquired a new position in NU during the fourth quarter worth approximately $105,000. Finally, Quarry LP increased its position in NU by 104.8% during the third quarter. Quarry LP now owns 7,890 shares of the company’s stock worth $108,000 after buying an additional 4,037 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Trading Down 0.5 %

Shares of NU stock opened at $13.48 on Thursday. 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 stock has a market cap of $64.22 billion, a P/E ratio of 37.43, a price-to-earnings-growth ratio of 0.49 and a beta of 1.10. The stock has a 50 day simple moving average of $11.92 and a 200 day simple moving average of $13.23. Nu Holdings Ltd. has a 1 year low of $9.67 and a 1 year high of $16.15.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NU shares. Susquehanna boosted their price objective on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. KeyCorp boosted 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 boosted their price objective on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, UBS Group reduced their price objective on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.80.

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.