Carnegie Investment Counsel Boosts Holdings in Nu Holdings Ltd. (NYSE:NU)

Carnegie Investment Counsel grew its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,347,980 shares of the company's stock after buying an additional 68,850 shares during the quarter. Carnegie Investment Counsel's holdings in NU were worth $13,965,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NU. Massmutual Trust Co. FSB ADV increased 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 during the last quarter. Carolina Wealth Advisors LLC bought a new position in NU during the 3rd quarter valued at about $44,000. Toth Financial Advisory Corp bought a new position in NU during the 3rd quarter valued at about $55,000. GAMMA Investing LLC raised its position in NU by 81.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,119 shares of the company's stock worth $56,000 after purchasing an additional 1,855 shares during the period. Finally, Huntington National Bank boosted its position in shares of NU by 86.3% during the third quarter. Huntington National Bank now owns 4,601 shares of the company's stock valued at $63,000 after buying an additional 2,131 shares during the period. Institutional investors own 84.02% of the company's stock.

NU Stock Up 2.3 %

NU stock traded up $0.26 during mid-day trading on Friday, reaching $11.54. 25,183,180 shares of the company were exchanged, compared to its average volume of 27,389,170. Nu Holdings Ltd. has a 12-month low of $8.51 and a 12-month high of $16.15. The business has a fifty day moving average of $12.13 and a 200 day moving average of $13.17. The firm has a market cap of $54.98 billion, a P/E ratio of 32.04, a PEG ratio of 0.39 and a beta of 1.05. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NU shares. KeyCorp raised 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. The Goldman Sachs Group boosted their target price on shares of NU from $17.00 to $19.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Citigroup downgraded shares of NU from a "neutral" rating to a "sell" rating and reduced their price target for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. Susquehanna boosted 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. Finally, Itau BBA Securities lowered shares of 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 given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, NU presently has a consensus rating of "Hold" and an average target price of $15.63.

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.