Nu Holdings Ltd. (NYSE:NU) Stock Holdings Boosted by Adero Partners LLC

Adero Partners LLC grew its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,819,355 shares of the company's stock after buying an additional 259,324 shares during the quarter. NU accounts for approximately 4.4% of Adero Partners LLC's investment portfolio, making the stock its 6th biggest holding. Adero Partners LLC owned 0.10% of NU worth $65,784,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Mount Lucas Management LP bought a new position in NU during the third quarter valued at $478,000. Natixis Advisors LLC grew its stake in shares of NU by 6.4% during the 3rd quarter. Natixis Advisors LLC now owns 1,509,561 shares of the company's stock worth $20,606,000 after acquiring an additional 90,253 shares during the period. Empowered Funds LLC increased its holdings in NU by 10.1% in the 3rd quarter. Empowered Funds LLC now owns 184,437 shares of the company's stock worth $2,518,000 after acquiring an additional 16,937 shares during the last quarter. CIBC Asset Management Inc raised its stake in NU by 47.2% in the 3rd quarter. CIBC Asset Management Inc now owns 147,810 shares of the company's stock valued at $2,018,000 after acquiring an additional 47,417 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its position in NU by 4.9% during the third quarter. OneDigital Investment Advisors LLC now owns 26,477 shares of the company's stock worth $361,000 after purchasing an additional 1,248 shares during the period. 80.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NU. The Goldman Sachs Group upped their price target on shares of NU from $17.00 to $19.00 and gave the company a "buy" rating in a research note on Thursday. JPMorgan Chase & Co. raised their price target on shares of NU from $14.50 to $15.00 and gave the company a "neutral" rating in a report on Monday, August 19th. Itau BBA Securities downgraded NU from an "outperform" rating to a "market perform" rating in a research report on Thursday. Susquehanna lifted their price objective on NU from $16.00 to $18.00 and gave the company a "positive" rating in a research note on Thursday. Finally, Barclays raised their price target on NU from $15.00 to $17.00 and gave the company an "overweight" rating in a report on Friday, August 16th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $16.21.

NU Price Performance

Shares of NU stock traded down $1.13 during trading hours on Friday, hitting $14.06. 49,946,698 shares of the company's stock were exchanged, compared to its average volume of 28,807,658. Nu Holdings Ltd. has a 12-month low of $7.74 and a 12-month high of $16.15. The company has a market capitalization of $67.01 billion, a PE ratio of 39.06, a PEG ratio of 0.64 and a beta of 1.13. The business's 50 day simple moving average is $14.48 and its 200-day simple moving average is $13.24. The company has a current ratio of 0.44, a quick ratio of 0.49 and a debt-to-equity ratio of 0.20.

NU Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.