Nu Holdings Ltd. (NYSE:NU) Stock Holdings Increased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 23.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 257,648 shares of the company’s stock after purchasing an additional 48,445 shares during the period. Thrivent Financial for Lutherans’ holdings in NU were worth $3,517,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Hamilton Lane Advisors LLC increased its position in NU by 97.8% in the 1st quarter. Hamilton Lane Advisors LLC now owns 500,791 shares of the company’s stock worth $5,974,000 after purchasing an additional 247,642 shares during the last quarter. Vanguard Group Inc. increased its holdings in NU by 3.7% in the first quarter. Vanguard Group Inc. now owns 9,593,217 shares of the company’s stock worth $114,447,000 after buying an additional 343,114 shares during the last quarter. Advisors Asset Management Inc. raised its position in NU by 34.2% during the first quarter. Advisors Asset Management Inc. now owns 30,314 shares of the company’s stock valued at $362,000 after acquiring an additional 7,717 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in NU in the first quarter valued at approximately $17,204,000. Finally, Adalta Capital Management LLC lifted its stake in NU by 5.0% in the first quarter. Adalta Capital Management LLC now owns 66,225 shares of the company’s stock valued at $790,000 after acquiring an additional 3,125 shares during the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

NU Price Performance

NYSE:NU opened at $14.22 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The company has a 50-day moving average of $14.40 and a 200-day moving average of $13.32. Nu Holdings Ltd. has a 52 week low of $8.04 and a 52 week high of $16.15. The company has a market capitalization of $67.77 billion, a price-to-earnings ratio of 39.50, a PEG ratio of 0.63 and a beta of 1.13.

Analyst Upgrades and Downgrades

NU has been the subject of a number of analyst reports. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 price target for the company. in a research report on Friday, August 2nd. KeyCorp boosted their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Barclays increased their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. JPMorgan Chase & Co. boosted their price objective 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. Finally, Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.21.

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.