Nu Holdings Ltd. (NYSE:NU) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC boosted its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 5.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,577 shares of the company’s stock after purchasing an additional 5,537 shares during the quarter. Intech Investment Management LLC’s holdings in NU were worth $1,564,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after acquiring an additional 815 shares during the period. Marcum Wealth LLC boosted its position in NU by 2.5% during the 3rd quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock worth $508,000 after acquiring an additional 903 shares during the period. Fortis Capital Management LLC boosted its position in NU by 6.6% during the 2nd quarter. Fortis Capital Management LLC now owns 17,330 shares of the company’s stock worth $223,000 after acquiring an additional 1,072 shares during the period. Americana Partners LLC boosted its position in NU by 7.8% during the 2nd quarter. Americana Partners LLC now owns 15,449 shares of the company’s stock worth $199,000 after acquiring an additional 1,115 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its position in NU by 4.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 26,477 shares of the company’s stock worth $361,000 after acquiring an additional 1,248 shares during the period. Institutional investors and hedge funds own 80.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on NU. Susquehanna boosted their price objective on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a research note on Friday, August 2nd. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Bank of America boosted their price objective on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Finally, Barclays boosted their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.21.

NU Stock Up 2.2 %

Shares of NU stock opened at $14.22 on Tuesday. The stock’s fifty day moving average is $14.40 and its 200-day moving average is $13.32. The firm has a market capitalization of $67.77 billion, a PE ratio of 39.50, a price-to-earnings-growth ratio of 0.63 and a beta of 1.13. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 12-month low of $8.04 and a 12-month high of $16.15.

NU Company 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.