Nu Holdings Ltd. (NYSE:NU) is Deepwater Asset Management LLC's 9th Largest Position

Deepwater Asset Management LLC lifted its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 50.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,504,169 shares of the company's stock after buying an additional 502,295 shares during the quarter. NU makes up about 5.1% of Deepwater Asset Management LLC's investment portfolio, making the stock its 9th largest position. Deepwater Asset Management LLC's holdings in NU were worth $15,583,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. AQR Capital Management LLC grew its holdings in NU by 19.5% during the 2nd quarter. AQR Capital Management LLC now owns 186,897 shares of the company's stock valued at $2,409,000 after buying an additional 30,498 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in NU by 9.7% in the second quarter. The Manufacturers Life Insurance Company now owns 314,189 shares of the company's stock worth $4,050,000 after purchasing an additional 27,662 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in NU during the second quarter valued at $135,000. Truist Financial Corp lifted its position in NU by 5.6% during the second quarter. Truist Financial Corp now owns 180,447 shares of the company's stock valued at $2,326,000 after purchasing an additional 9,593 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of NU by 20.6% in the 2nd quarter. Cetera Investment Advisers now owns 134,715 shares of the company's stock worth $1,736,000 after buying an additional 22,996 shares in the last quarter. Institutional investors own 84.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NU shares. Susquehanna increased their price target on shares of NU from $16.00 to $18.00 and gave the company a "positive" rating in a report on Thursday, November 14th. The Goldman Sachs Group raised their price objective on NU from $17.00 to $19.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. KeyCorp boosted their target price on NU from $15.00 to $17.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Citigroup downgraded NU from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. Finally, Itau BBA Securities cut shares of NU from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $15.63.

NU Stock Down 1.5 %

NYSE:NU opened at $13.24 on Monday. The company has a market cap of $63.08 billion, a price-to-earnings ratio of 36.76, a price-to-earnings-growth ratio of 0.47 and a beta of 1.10. Nu Holdings Ltd. has a twelve month low of $8.58 and a twelve month high of $16.15. 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 stock has a fifty day simple moving average of $11.64 and a 200-day simple moving average of $13.12.

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.

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