Summit Partners Public Asset Management LLC Grows Position in Nu Holdings Ltd. (NYSE:NU)

Summit Partners Public Asset Management LLC boosted its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 20.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 300,000 shares of the company's stock after purchasing an additional 50,000 shares during the quarter. Summit Partners Public Asset Management LLC's holdings in NU were worth $4,095,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NU. Massmutual Trust Co. FSB ADV increased its position in shares of NU by 287.9% in the third 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 increased its holdings in NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company's stock valued at $29,000 after buying an additional 815 shares during the period. Carolina Wealth Advisors LLC acquired a new position in shares of NU in the 3rd quarter valued at approximately $44,000. ORG Partners LLC bought a new stake in shares of NU during the 2nd quarter worth approximately $54,000. Finally, Toth Financial Advisory Corp bought a new position in NU in the third quarter valued at approximately $55,000. Institutional investors own 80.90% of the company's stock.

NU Stock Down 7.3 %

Shares of NYSE NU traded down $0.99 during trading on Friday, hitting $12.54. 58,174,413 shares of the company traded hands, compared to its average volume of 32,968,578. The firm has a market capitalization of $59.76 billion, a price-to-earnings ratio of 34.81, a P/E/G ratio of 0.66 and a beta of 1.13. The business's fifty day moving average is $14.32 and its 200 day moving average is $13.34. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. Nu Holdings Ltd. has a fifty-two week low of $8.04 and a fifty-two week high of $16.15.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Barclays lifted 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. Itau BBA Securities downgraded NU from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 14th. UBS Group cut NU from a "buy" rating to a "neutral" rating and set a $13.50 price target on the stock. in a report on Friday, August 2nd. JPMorgan Chase & Co. lifted 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. Finally, Bank of America upped their price target on shares of NU from $12.80 to $15.00 and gave the company a "neutral" rating in a research report on Thursday, September 12th. Four 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, NU has a consensus 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.