Empowered Funds LLC Purchases 41,393 Shares of Nu Holdings Ltd. (NYSE:NU)

Empowered Funds LLC raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 22.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 225,830 shares of the company's stock after buying an additional 41,393 shares during the quarter. Empowered Funds LLC's holdings in NU were worth $2,340,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC purchased a new position in shares of NU in the 3rd quarter worth about $98,704,000. Thrivent Financial for Lutherans boosted its holdings in shares of NU by 23.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company's stock worth $3,517,000 after purchasing an additional 48,445 shares in the last quarter. Adero Partners LLC boosted its holdings in shares of NU by 5.7% in the 3rd quarter. Adero Partners LLC now owns 4,819,355 shares of the company's stock worth $65,784,000 after purchasing an additional 259,324 shares in the last quarter. Summit Partners Public Asset Management LLC boosted its holdings in shares of NU by 20.0% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company's stock worth $4,095,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft boosted its holdings in shares of NU by 19.6% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company's stock worth $3,680,000 after purchasing an additional 58,183 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NU has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their target price on NU from $17.00 to $19.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Susquehanna boosted their target price on NU from $16.00 to $18.00 and gave the company a "positive" rating in a research note on Thursday, November 14th. UBS Group lowered their target price on NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday. Citigroup lowered NU from a "neutral" rating to a "sell" rating and lowered their target price for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Finally, KeyCorp boosted their target price on NU from $15.00 to $17.00 and gave the company an "overweight" rating in a research note 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $15.80.

NU Trading Down 1.1 %

NU traded down $0.16 during midday trading on Tuesday, reaching $13.54. 16,056,718 shares of the company's stock traded hands, compared to its average volume of 34,470,094. The firm has a fifty day moving average of $11.86 and a two-hundred day moving average of $13.21. The stock has a market capitalization of $64.55 billion, a price-to-earnings ratio of 37.62, a P/E/G ratio of 0.49 and a beta of 1.10. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. Nu Holdings Ltd. has a 52 week low of $9.67 and a 52 week high of $16.15.

NU Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.