Nu Holdings Ltd. (NYSE:NU) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 60.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,708 shares of the company's stock after buying an additional 73,686 shares during the period. Quantbot Technologies LP's holdings in NU were worth $2,671,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NU. Massmutual Trust Co. FSB ADV boosted its position in NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company's stock worth $26,000 after purchasing an additional 1,422 shares during the period. GAMMA Investing LLC grew its stake in shares of NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company's stock valued at $29,000 after buying an additional 815 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new stake in shares of NU during the 3rd quarter valued at about $44,000. ORG Partners LLC acquired a new position in NU during the 2nd quarter worth approximately $54,000. Finally, Toth Financial Advisory Corp purchased a new position in NU in the 3rd quarter worth approximately $55,000. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

NU Stock Performance

NYSE:NU traded down $0.41 during trading hours on Thursday, reaching $13.53. 31,092,908 shares of the stock were exchanged, compared to its average volume of 32,858,809. Nu Holdings Ltd. has a 52 week low of $8.04 and a 52 week high of $16.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $64.48 billion, a P/E ratio of 37.58, a P/E/G ratio of 0.64 and a beta of 1.13. The firm has a 50 day simple moving average of $14.35 and a 200-day simple moving average of $13.34.

Wall Street Analyst Weigh In

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

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.