West Oak Capital LLC Makes New $837,000 Investment in Nu Holdings Ltd. (NYSE:NU)

West Oak Capital LLC bought a new stake in Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, HoldingsChannel reports. The fund bought 80,748 shares of the company’s stock, valued at approximately $837,000.

Other hedge funds have also modified their holdings of the company. Graypoint LLC purchased a new position in NU in the fourth quarter valued at about $6,775,000. Wealth Enhancement Advisory Services LLC raised its position in shares of NU by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock valued at $716,000 after purchasing an additional 1,000 shares in the last quarter. First Hawaiian Bank boosted its stake in shares of NU by 16.8% during the 4th quarter. First Hawaiian Bank now owns 102,786 shares of the company’s stock valued at $1,065,000 after buying an additional 14,752 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of NU by 315.8% during the third quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company’s stock worth $15,745,000 after buying an additional 876,039 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of NU by 5.7% in the third quarter. Franklin Resources Inc. now owns 5,060,504 shares of the company’s stock worth $74,288,000 after buying an additional 271,903 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Stock Performance

NU traded down $0.16 during trading on Friday, reaching $10.98. 28,857,648 shares of the company were exchanged, compared to its average volume of 27,314,629. Nu Holdings Ltd. has a 52 week low of $8.51 and a 52 week high of $16.15. 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 50 day moving average of $12.49 and a 200 day moving average of $13.22. The stock has a market cap of $52.33 billion, a P/E ratio of 30.50, a PEG ratio of 0.59 and a beta of 1.05.

Analysts Set New Price Targets

A number of research analysts have commented on NU shares. Susquehanna increased their price objective on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. KeyCorp lifted their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Bank of America upped their price objective on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Citigroup lowered NU from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. Finally, Itau BBA Securities lowered 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 given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.63.

About NU

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.