100,000 Shares in Nu Holdings Ltd. (NYSE:NU) Bought by Erste Asset Management GmbH

Erste Asset Management GmbH purchased a new position in Nu Holdings Ltd. (NYSE:NU) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 100,000 shares of the company’s stock, valued at approximately $1,387,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV lifted its position in shares of NU by 287.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after purchasing an additional 1,422 shares during the last quarter. GAMMA Investing LLC raised its stake in NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after buying an additional 815 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new stake in shares of NU during the third quarter valued at $44,000. Toth Financial Advisory Corp acquired a new position in shares of NU in the third quarter valued at about $55,000. Finally, ORG Partners LLC purchased a new stake in NU in the second quarter valued at approximately $54,000. Institutional investors own 80.90% of the company’s stock.

NU Stock Down 2.7 %

NU opened at $11.68 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a twelve month low of $8.06 and a twelve month high of $16.15. The company has a market cap of $55.64 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 0.58 and a beta of 0.99. The company has a 50-day moving average price of $14.23 and a 200 day moving average price of $13.37.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Bank of America raised their price target 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. JPMorgan Chase & Co. boosted their price objective on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Susquehanna raised their target price on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. KeyCorp boosted their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and cut their target price for the company from $14.60 to $11.00 in a report on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, NU currently has an average rating of “Hold” and a consensus target price 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.