Artemis Investment Management LLP Grows Position in Nu Holdings Ltd. (NYSE:NU)

Artemis Investment Management LLP increased its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 73.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 571,753 shares of the company's stock after purchasing an additional 241,907 shares during the quarter. Artemis Investment Management LLP's holdings in NU were worth $5,923,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. HB Wealth Management LLC increased its position in NU by 11.7% during the fourth quarter. HB Wealth Management LLC now owns 17,668 shares of the company's stock worth $183,000 after buying an additional 1,852 shares during the period. Shelton Wealth Management LLC increased its holdings in shares of NU by 5.2% in the 4th quarter. Shelton Wealth Management LLC now owns 101,506 shares of the company's stock valued at $1,052,000 after acquiring an additional 4,993 shares during the period. Merit Financial Group LLC purchased a new stake in NU in the 4th quarter valued at $159,000. Carnegie Investment Counsel boosted its stake in NU by 5.4% during the 4th quarter. Carnegie Investment Counsel now owns 1,347,980 shares of the company's stock worth $13,965,000 after purchasing an additional 68,850 shares during the period. Finally, Sanders Morris Harris LLC purchased a new position in NU during the 4th quarter worth $114,000. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Price Performance

NU traded up $0.26 during trading on Monday, reaching $11.54. 25,183,180 shares of the stock were exchanged, compared to its average volume of 33,056,972. The company has a market capitalization of $54.98 billion, a price-to-earnings ratio of 32.04, a P/E/G ratio of 0.39 and a beta of 1.05. 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 1 year low of $8.51 and a 1 year high of $16.15. The business's 50 day moving average price is $12.06 and its two-hundred day moving average price is $13.17.

Wall Street Analyst Weigh In

NU has been the subject of several recent research reports. Citigroup downgraded shares of NU from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. KeyCorp boosted their target price on NU from $15.00 to $17.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Itau BBA Securities lowered shares of NU from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 14th. Susquehanna raised their target price on shares of NU from $16.00 to $18.00 and gave the stock a "positive" rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group boosted their price target on shares of NU from $17.00 to $19.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. One 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 MarketBeat, NU has an average rating of "Hold" and a consensus target price of $15.63.

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.