Accuvest Global Advisors Boosts Stake in Nu Holdings Ltd. (NYSE:NU)

Accuvest Global Advisors raised its holdings in Nu Holdings Ltd. (NYSE:NU) by 25.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,414 shares of the company’s stock after purchasing an additional 6,730 shares during the quarter. NU accounts for 0.5% of Accuvest Global Advisors’ holdings, making the stock its 16th largest holding. Accuvest Global Advisors’ holdings in NU were worth $346,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NU. Creative Planning raised its position in NU by 102.0% in the third quarter. Creative Planning now owns 845,637 shares of the company’s stock valued at $11,543,000 after purchasing an additional 427,013 shares during the period. Bleakley Financial Group LLC raised its position in NU by 58.8% in the third quarter. Bleakley Financial Group LLC now owns 18,057 shares of the company’s stock valued at $246,000 after purchasing an additional 6,688 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in NU by 1,074.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 131,136 shares of the company’s stock valued at $1,790,000 after purchasing an additional 119,972 shares during the period. Toth Financial Advisory Corp purchased a new stake in NU in the third quarter valued at $55,000. Finally, Whittier Trust Co. raised its position in NU by 23.1% in the third quarter. Whittier Trust Co. now owns 80,796 shares of the company’s stock valued at $1,103,000 after purchasing an additional 15,178 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Susquehanna boosted their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and cut their price objective for the company from $14.60 to $11.00 in a report on Monday, December 2nd. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. KeyCorp boosted their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, UBS Group cut their price objective on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.80.

NU Trading Down 1.1 %

NU opened at $13.55 on Wednesday. The business has a fifty day moving average price of $11.90 and a 200 day moving average price of $13.23. The stock has a market capitalization of $64.55 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 0.49 and a beta of 1.10. Nu Holdings Ltd. has a 12 month low of $9.67 and a 12 month high of $16.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

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.