AdvisorNet Financial Inc Increases Stock Position in Nu Holdings Ltd. (NYSE:NU)

AdvisorNet Financial Inc raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 85.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,612 shares of the company’s stock after purchasing an additional 19,675 shares during the period. AdvisorNet Financial Inc’s holdings in NU were worth $441,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NU. Massmutual Trust Co. FSB ADV grew its stake 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 period. Carolina Wealth Advisors LLC bought a new stake in NU in the 3rd quarter worth approximately $44,000. Toth Financial Advisory Corp purchased a new stake in NU during the 3rd quarter valued at $55,000. GAMMA Investing LLC lifted its holdings in shares of NU by 81.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock valued at $56,000 after buying an additional 1,855 shares during the period. Finally, Huntington National Bank boosted its stake in shares of NU by 86.3% in the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock worth $63,000 after buying an additional 2,131 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

NU has been the subject of a number of research reports. Susquehanna upped their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. KeyCorp upped their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and reduced their target price for the company from $14.60 to $11.00 in a report on Monday, December 2nd. Finally, The Goldman Sachs Group lifted their price target on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, NU presently has an average rating of “Hold” and a consensus target price of $15.63.

NU Stock Up 4.7 %

Shares of NU stock opened at $11.42 on Thursday. The company has a market capitalization of $54.43 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 0.59 and a beta of 1.05. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The company’s fifty day moving average price is $12.28 and its 200-day moving average price is $13.19. Nu Holdings Ltd. has a one year low of $8.51 and a one year high of $16.15.

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.