Nu Holdings Ltd. (NYSE:NU) Shares Bought by Artemis Investment Management LLP

Artemis Investment Management LLP grew its holdings in Nu Holdings Ltd. (NYSE:NU) by 73.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 571,753 shares of the company’s stock after purchasing an additional 241,907 shares during the period. Artemis Investment Management LLP’s holdings in NU were worth $5,923,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in NU. Massmutual Trust Co. FSB ADV grew its stake in NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after buying an additional 1,422 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new position in NU during the third quarter worth about $44,000. Toth Financial Advisory Corp purchased a new position in NU in the 3rd quarter valued at approximately $55,000. GAMMA Investing LLC raised its position in NU by 81.9% during the third quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock worth $56,000 after acquiring an additional 1,855 shares during the last quarter. Finally, Huntington National Bank raised its position in shares of NU by 86.3% during the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock worth $63,000 after purchasing an additional 2,131 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Price Performance

Shares of NU stock opened at $11.54 on Monday. The stock has a market capitalization of $54.98 billion, a price-to-earnings ratio of 32.04, a P/E/G ratio of 0.39 and a beta of 1.05. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 1-year low of $8.51 and a 1-year high of $16.15. The firm’s 50-day moving average price is $12.06 and its two-hundred day moving average price is $13.17.

Analyst Ratings Changes

NU has been the topic of several recent analyst reports. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $14.60 to $11.00 in a report on Monday, December 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 report on Thursday, November 14th. KeyCorp increased 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. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Finally, Susquehanna raised their price target on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.63.

NU Company 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.