MBM Wealth Consultants LLC Purchases Shares of 45,728 Nu Holdings Ltd. (NYSE:NU)

MBM Wealth Consultants LLC purchased a new stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 45,728 shares of the company's stock, valued at approximately $486,000.

A number of other hedge funds have also bought and sold shares of NU. State Street Corp boosted its holdings in NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company's stock worth $1,076,509,000 after buying an additional 40,560,986 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in NU by 13.0% during the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company's stock worth $2,867,912,000 after buying an additional 24,140,416 shares in the last quarter. Geode Capital Management LLC boosted its holdings in NU by 104.3% during the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company's stock worth $442,935,000 after buying an additional 16,638,397 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in NU by 458.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company's stock worth $193,111,000 after buying an additional 11,613,191 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in NU by 122.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company's stock valued at $165,850,000 after purchasing an additional 8,806,495 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on NU. Itau BBA Securities downgraded shares of NU from an "outperform" rating to a "market perform" rating in a report on Thursday, November 14th. The Goldman Sachs Group increased their target price on shares of NU from $17.00 to $19.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. KeyCorp increased their target price on shares of NU from $15.00 to $17.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Susquehanna increased their target price 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, Citigroup cut shares of NU from a "neutral" rating to a "sell" rating and reduced their target price for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, NU has an average rating of "Hold" and an average target price of $15.63.

NU Trading Up 4.4 %

NU stock traded up $0.51 during midday trading on Wednesday, hitting $11.99. 54,755,549 shares of the stock were exchanged, compared to its average volume of 30,284,771. Nu Holdings Ltd. has a fifty-two week low of $8.51 and a fifty-two week high of $16.15. The stock has a market capitalization of $57.12 billion, a price-to-earnings ratio of 33.29, a PEG ratio of 0.41 and a beta of 1.05. The stock's 50-day simple moving average is $11.88 and its 200 day simple moving average is $13.16. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

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.