Avestar Capital LLC Buys 1,353 Shares of Nu Holdings Ltd. (NYSE:NU)

Avestar Capital LLC grew its position in shares of Nu Holdings Ltd. (NYSE:NU) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,809 shares of the company’s stock after buying an additional 1,353 shares during the quarter. Avestar Capital LLC’s holdings in NU were worth $557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Piscataqua Savings Bank lifted its holdings 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 during the period. Carolina Wealth Advisors LLC purchased a new stake in shares of NU during the 3rd quarter valued at about $44,000. Toth Financial Advisory Corp bought a new position in shares of NU in the 3rd quarter worth approximately $55,000. GAMMA Investing LLC boosted its holdings in shares of NU by 81.9% in the third 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 last quarter. Finally, Huntington National Bank grew its position in NU by 86.3% during the third quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after buying an additional 2,131 shares during the period. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Stock Performance

NYSE NU opened at $13.79 on Friday. The business has a 50-day moving average price of $11.79 and a 200-day moving average price of $13.17. The firm has a market cap of $65.70 billion, a price-to-earnings ratio of 38.29, a price-to-earnings-growth ratio of 0.49 and a beta of 1.10. Nu Holdings Ltd. has a twelve month low of $9.67 and a twelve month 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.

Analysts Set New Price Targets

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

About NU

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.