Nu Holdings Ltd. (NYSE:NU) Position Boosted by HighTower Advisors LLC

HighTower Advisors LLC boosted its position in Nu Holdings Ltd. (NYSE:NU) by 0.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 943,769 shares of the company’s stock after buying an additional 2,419 shares during the quarter. HighTower Advisors LLC’s holdings in NU were worth $12,872,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Cetera Advisors LLC bought a new stake in shares of NU in the 1st quarter valued at approximately $773,000. GAMMA Investing LLC lifted its holdings in NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after acquiring an additional 815 shares during the last quarter. CWM LLC boosted its stake in NU by 9.4% in the second quarter. CWM LLC now owns 47,864 shares of the company’s stock valued at $617,000 after acquiring an additional 4,114 shares during the period. Diversify Advisory Services LLC bought a new position in shares of NU during the second quarter valued at approximately $856,000. Finally, Artemis Investment Management LLP raised its position in shares of NU by 35.2% during the 2nd quarter. Artemis Investment Management LLP now owns 440,288 shares of the company’s stock worth $5,675,000 after purchasing an additional 114,552 shares during the period. Institutional investors and hedge funds own 80.90% of the company’s stock.

NU Price Performance

Shares of NYSE:NU opened at $12.03 on Friday. The stock has a market cap of $57.33 billion, a price-to-earnings ratio of 33.42, a PEG ratio of 0.58 and a beta of 0.99. 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 Holdings Ltd. has a 12 month low of $8.06 and a 12 month high of $16.15. The stock’s 50 day moving average price is $14.04 and its 200 day moving average price is $13.36.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NU. Bank of America upped their price objective on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. KeyCorp increased their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Susquehanna lifted their price objective on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. upped their target price on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Finally, Barclays lifted their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $15.63.

NU 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.