Advisory Resource Group Makes New Investment in Nu Holdings Ltd. (NYSE:NU)

Advisory Resource Group bought a new position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 71,728 shares of the company's stock, valued at approximately $979,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NU. Massmutual Trust Co. FSB ADV raised its position in NU by 287.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company's stock valued at $26,000 after acquiring an additional 1,422 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new position in NU during the third quarter valued at approximately $44,000. Toth Financial Advisory Corp purchased a new position in NU during the third quarter valued at approximately $55,000. GAMMA Investing LLC increased its position in shares of NU by 81.9% in the third quarter. GAMMA Investing LLC now owns 4,119 shares of the company's stock valued at $56,000 after buying an additional 1,855 shares in the last quarter. Finally, ORG Partners LLC purchased a new stake in shares of NU in the second quarter valued at approximately $54,000. Institutional investors and hedge funds own 80.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NU. Bank of America boosted their price objective on NU from $12.80 to $15.00 and gave the company a "neutral" rating in a research report on Thursday, September 12th. Citigroup cut NU from a "neutral" rating to a "sell" rating and cut their price objective for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. Itau BBA Securities cut NU from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 14th. The Goldman Sachs Group boosted their price objective on NU from $17.00 to $19.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Finally, Barclays boosted their price objective on NU from $15.00 to $17.00 and gave the company an "overweight" rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, NU presently has a consensus rating of "Hold" and a consensus target price of $15.63.

NU Price Performance

Shares of NYSE:NU traded down $0.28 during trading on Thursday, reaching $11.98. The stock had a trading volume of 20,390,145 shares, compared to its average volume of 33,343,078. The business has a fifty day moving average price of $13.95 and a 200-day moving average price of $13.37. The stock has a market cap of $57.10 billion, a PE ratio of 33.92, a PEG ratio of 0.58 and a beta of 0.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. Nu Holdings Ltd. has a 1-year low of $8.06 and a 1-year high of $16.15.

NU Company 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.