Nu Holdings Ltd. (NYSE:NU) Shares Acquired by Caprock Group LLC

Caprock Group LLC lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 27.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,815 shares of the company’s stock after purchasing an additional 3,152 shares during the period. Caprock Group LLC’s holdings in NU were worth $202,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV raised its holdings 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 acquiring an additional 1,422 shares during the last quarter. GAMMA Investing LLC raised its stake 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 purchasing an additional 815 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new position in NU in the 3rd quarter valued at about $44,000. ORG Partners LLC acquired a new stake in shares of NU during the 2nd quarter worth about $54,000. Finally, Toth Financial Advisory Corp purchased a new stake in shares of NU during the third quarter worth about $55,000. 80.90% of the stock is currently owned by institutional investors and hedge funds.

NU Price Performance

NU stock opened at $13.91 on Monday. The firm has a fifty day moving average of $14.41 and a 200-day moving average of $13.30. 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 firm has a market capitalization of $66.29 billion, a P/E ratio of 38.64, a PEG ratio of 0.60 and a beta of 1.13.

Analyst Upgrades and Downgrades

Several research firms have commented on NU. UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a research note on Friday, August 2nd. KeyCorp upped their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. The Goldman Sachs Group raised their price target on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Bank of America upped their price objective on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Finally, Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, NU presently has an average rating of “Moderate Buy” and a consensus price target of $16.21.

NU Company 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.