Assetmark Inc. Raises Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Assetmark Inc. raised its position in shares of Nu Holdings Ltd. (NYSE:NU) by 46.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,275 shares of the company’s stock after buying an additional 4,848 shares during the period. Assetmark Inc.’s holdings in NU were worth $209,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV lifted its stake in 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. GAMMA Investing LLC lifted its position in shares of NU by 56.2% in the 2nd 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 bought a new stake in shares of NU during the 3rd quarter valued at about $44,000. ORG Partners LLC purchased a new position in shares of NU during the second quarter valued at about $54,000. Finally, Toth Financial Advisory Corp bought a new position in NU in the third quarter worth about $55,000. Institutional investors own 80.90% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a research report on Friday, August 2nd. 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 note on Thursday. KeyCorp increased their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday. Susquehanna boosted their target price on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday. Finally, JPMorgan Chase & Co. increased their price target on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.21.

NU Price Performance

NU opened at $14.06 on Friday. Nu Holdings Ltd. has a 1 year low of $7.74 and a 1 year high of $16.15. The stock has a 50-day moving average price of $14.48 and a 200-day moving average price of $13.22. The firm has a market cap of $67.01 billion, a PE ratio of 39.06, a P/E/G ratio of 0.71 and a beta of 1.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49.

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.