Avior Wealth Management LLC Buys 3,409 Shares of Nu Holdings Ltd. (NYSE:NU)

Avior Wealth Management LLC raised its stake in Nu Holdings Ltd. (NYSE:NU) by 51.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,985 shares of the company’s stock after buying an additional 3,409 shares during the quarter. Avior Wealth Management LLC’s holdings in NU were worth $136,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. KeyCorp increased their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Barclays boosted their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Susquehanna increased their price objective on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Finally, Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.21.

NU Trading Up 3.8 %

NYSE NU opened at $13.91 on Friday. The company has a market cap of $66.29 billion, a PE ratio of 38.64, a PEG ratio of 0.60 and a beta of 1.13. Nu Holdings Ltd. has a 12 month low of $8.04 and a 12 month high of $16.15. The stock has a 50 day moving average of $14.41 and a 200-day moving average of $13.29. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

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.