Tectonic Advisors LLC Makes New Investment in Nu Holdings Ltd. (NYSE:NU)

Tectonic Advisors LLC bought a new stake in Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,676 shares of the company’s stock, valued at approximately $111,000.

Several other hedge funds have also modified their holdings of NU. Piscataqua Savings Bank grew its position in NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after acquiring an additional 2,500 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new position in shares of NU in the third quarter valued at $44,000. Toth Financial Advisory Corp acquired a new stake in NU during the 3rd quarter valued at $55,000. GAMMA Investing LLC increased its stake in NU by 81.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock worth $56,000 after buying an additional 1,855 shares during the period. Finally, Huntington National Bank lifted its holdings in 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 in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Price Performance

NU opened at $13.75 on Friday. 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 company’s 50-day moving average price is $11.61 and its 200 day moving average price is $13.12. Nu Holdings Ltd. has a fifty-two week low of $9.34 and a fifty-two week high of $16.15. The firm has a market cap of $65.54 billion, a price-to-earnings ratio of 38.20, a price-to-earnings-growth ratio of 0.47 and a beta of 1.10.

Analyst Ratings Changes

Several brokerages have recently weighed in on NU. KeyCorp raised 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. Citigroup lowered NU from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Susquehanna upped their target price on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. The Goldman Sachs Group raised their price target on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.63.

NU Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.