Salem Investment Counselors Inc. cut its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,166,113 shares of the company's stock after selling 166,644 shares during the period. NU accounts for about 0.7% of Salem Investment Counselors Inc.'s portfolio, making the stock its 27th biggest position. Salem Investment Counselors Inc.'s holdings in NU were worth $22,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of NU. Fisher Asset Management LLC bought a new stake in shares of NU during the 3rd quarter worth approximately $98,704,000. Thrivent Financial for Lutherans increased its stake in NU by 23.2% in the third quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company's stock worth $3,517,000 after purchasing an additional 48,445 shares during the period. Adero Partners LLC lifted its position in shares of NU by 5.7% during the third quarter. Adero Partners LLC now owns 4,819,355 shares of the company's stock worth $65,784,000 after purchasing an additional 259,324 shares during the last quarter. Summit Partners Public Asset Management LLC boosted its stake in shares of NU by 20.0% during the third quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company's stock valued at $4,095,000 after purchasing an additional 50,000 shares during the period. Finally, Royal London Asset Management Ltd. grew its holdings in shares of NU by 6.2% in the third quarter. Royal London Asset Management Ltd. now owns 1,305,453 shares of the company's stock worth $17,819,000 after purchasing an additional 76,009 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company's stock.
NU Stock Up 1.6 %
NYSE:NU traded up $0.17 during midday trading on Monday, reaching $11.12. 32,388,557 shares of the stock traded hands, compared to its average volume of 28,040,002. The stock has a market capitalization of $53.00 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 0.59 and a beta of 1.05. Nu Holdings Ltd. has a 12-month low of $8.51 and a 12-month high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The business has a 50-day moving average of $12.36 and a two-hundred day moving average of $13.21.
Analyst Ratings Changes
NU has been the topic of a number of research reports. Itau BBA Securities lowered shares of NU from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 14th. Citigroup lowered NU from a "neutral" rating to a "sell" rating and decreased their target price for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. KeyCorp increased their price target on NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. Susquehanna lifted their price objective on NU from $16.00 to $18.00 and gave the company a "positive" rating in a report on Thursday, November 14th. Finally, The Goldman Sachs Group increased their target price on shares of NU from $17.00 to $19.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $15.63.
View Our Latest Research Report on NU
About NU
(
Free Report)
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.
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