Gladstone Institutional Advisory LLC Acquires 21,592 Shares of Nu Holdings Ltd. (NYSE:NU)

Gladstone Institutional Advisory LLC boosted its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 131.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,992 shares of the company's stock after acquiring an additional 21,592 shares during the period. Gladstone Institutional Advisory LLC's holdings in NU were worth $394,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Piscataqua Savings Bank raised its position in shares of NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company's stock worth $31,000 after acquiring an additional 2,500 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new stake in NU during the third quarter worth approximately $44,000. Toth Financial Advisory Corp bought a new stake in NU in the third quarter worth approximately $55,000. Huntington National Bank lifted its stake in NU by 86.3% in 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. Finally, Berbice Capital Management LLC bought a new position in shares of NU during the 4th quarter worth approximately $93,000. Institutional investors and hedge funds own 84.02% of the company's stock.

NU Stock Down 0.5 %

NU stock traded down $0.07 during trading on Wednesday, hitting $13.48. 27,084,151 shares of the company were exchanged, compared to its average volume of 34,854,641. 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 business's 50 day moving average is $11.90 and its 200 day moving average is $13.23. Nu Holdings Ltd. has a 52 week low of $9.67 and a 52 week high of $16.15. The company has a market capitalization of $64.22 billion, a P/E ratio of 37.43, a PEG ratio of 0.49 and a beta of 1.10.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their price objective 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 lowered shares of NU from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $14.60 to $11.00 in a report on Monday, December 2nd. UBS Group cut their price objective on shares of NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday. Itau BBA Securities lowered NU from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 14th. Finally, KeyCorp increased their price target on NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. One investment 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $15.80.

NU Company 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.