235,307 Shares in Nu Holdings Ltd. (NYSE:NU) Acquired by Blankinship & Foster LLC

Blankinship & Foster LLC purchased a new stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 235,307 shares of the company's stock, valued at approximately $3,212,000. NU comprises about 0.5% of Blankinship & Foster LLC's investment portfolio, making the stock its 24th biggest holding.

Several other institutional investors have also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its stake in shares of NU by 41.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 325,230 shares of the company's stock worth $4,192,000 after buying an additional 95,412 shares during the period. ORG Partners LLC purchased a new stake in shares of NU in the second quarter worth $54,000. AdvisorNet Financial Inc raised its position in shares of NU by 482.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 18,870 shares of the company's stock valued at $243,000 after purchasing an additional 15,630 shares during the period. LA Financiere DE L Echiquier purchased a new position in shares of NU during the 2nd quarter valued at $1,250,000. Finally, Coronation Fund Managers Ltd. boosted its holdings in NU by 18.4% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 8,708,502 shares of the company's stock worth $112,253,000 after buying an additional 1,353,423 shares during the period. Institutional investors own 80.90% of the company's stock.

Analyst Upgrades and Downgrades

NU has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on NU from $14.50 to $15.00 and gave the company a "neutral" rating in a report on Monday, August 19th. Itau BBA Securities downgraded NU from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 14th. Barclays boosted their price target on NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a report on Friday, August 16th. Susquehanna increased their price objective on shares of NU from $16.00 to $18.00 and gave the company a "positive" rating in a report on Thursday, November 14th. Finally, Bank of America boosted their target price on shares of NU from $12.80 to $15.00 and gave the stock a "neutral" rating in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $15.63.

NU Trading Down 2.2 %

NYSE:NU traded down $0.27 during midday trading on Thursday, hitting $11.99. 31,154,139 shares of the company traded hands, compared to its average volume of 33,389,531. 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's fifty day moving average is $13.95 and its 200-day moving average is $13.37. The firm has a market capitalization of $57.14 billion, a P/E ratio of 33.92, a P/E/G ratio of 0.58 and a beta of 0.99. Nu Holdings Ltd. has a 12-month low of $8.06 and a 12-month high of $16.15.

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.