Qsemble Capital Management LP Purchases New Position in Nu Holdings Ltd. (NYSE:NU)

Qsemble Capital Management LP acquired a new position in Nu Holdings Ltd. (NYSE:NU - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 64,519 shares of the company's stock, valued at approximately $881,000.

Several other large investors have also recently modified their holdings of NU. Bank of Montreal Can increased its position in NU by 85.3% during the 3rd quarter. Bank of Montreal Can now owns 1,287,963 shares of the company's stock valued at $17,864,000 after buying an additional 592,941 shares in the last quarter. Unison Asset Management LLC grew its stake in shares of NU by 3.1% during the third quarter. Unison Asset Management LLC now owns 1,179,319 shares of the company's stock worth $16,098,000 after acquiring an additional 35,573 shares during the last quarter. DRW Securities LLC acquired a new position in shares of NU during the third quarter valued at about $2,457,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of NU in the 3rd quarter valued at approximately $1,083,000. Finally, Fisher Asset Management LLC acquired a new stake in NU in the 3rd quarter worth approximately $98,704,000. Institutional investors own 80.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NU. UBS Group cut shares of NU from a "buy" rating to a "neutral" rating and set a $13.50 price target for the company. in a report on Friday, August 2nd. Itau BBA Securities lowered NU from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 14th. Susquehanna boosted their price target on NU from $16.00 to $18.00 and gave the company a "positive" rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. raised their price objective on NU from $14.50 to $15.00 and gave the stock a "neutral" rating in a research note on Monday, August 19th. Finally, Barclays upped their target price on NU from $15.00 to $17.00 and gave the company an "overweight" rating in a research report on Friday, August 16th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, NU currently has a consensus rating of "Moderate Buy" and an average price target of $16.21.

NU Stock Performance

NU stock traded down $0.24 during trading on Wednesday, hitting $13.70. 4,601,374 shares of the company traded hands, compared to its average volume of 32,735,236. 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 $8.04 and a 1 year high of $16.15. The stock's 50-day simple moving average is $14.40 and its 200 day simple moving average is $13.32. The company has a market cap of $65.29 billion, a PE ratio of 38.71, a P/E/G ratio of 0.64 and a beta of 1.13.

About NU

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.