INCA Investments LLC Raises Stock Position in Nu Holdings Ltd. (NYSE:NU)

INCA Investments LLC lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 76.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 848,304 shares of the company’s stock after purchasing an additional 366,944 shares during the period. NU comprises about 3.6% of INCA Investments LLC’s investment portfolio, making the stock its 9th biggest position. INCA Investments LLC’s holdings in NU were worth $8,788,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC purchased a new stake in NU during the 3rd quarter valued at $98,704,000. Thrivent Financial for Lutherans lifted its position in shares of NU by 23.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock worth $3,517,000 after purchasing an additional 48,445 shares during the period. Adero Partners LLC lifted its position in shares of NU by 5.7% in the 3rd quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock worth $65,784,000 after purchasing an additional 259,324 shares during the period. Summit Partners Public Asset Management LLC lifted its position in shares of NU by 20.0% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock worth $4,095,000 after purchasing an additional 50,000 shares during the period. Finally, Baader Bank Aktiengesellschaft lifted its position in NU by 19.6% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock valued at $3,680,000 after acquiring an additional 58,183 shares during the period. Institutional investors own 84.02% of the company’s stock.

NU Stock Performance

NU opened at $13.79 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The company has a market cap of $65.70 billion, a price-to-earnings ratio of 38.29, a PEG ratio of 0.49 and a beta of 1.10. The company’s 50 day moving average is $11.79 and its 200 day moving average is $13.17. Nu Holdings Ltd. has a 12-month low of $9.67 and a 12-month high of $16.15.

Analyst Upgrades and Downgrades

NU has been the subject of a number of recent research reports. Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. The Goldman Sachs Group lifted their price target on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and lowered their price target for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. Susquehanna lifted their price target on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Finally, KeyCorp lifted their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $15.63.

About NU

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.