Nu Holdings Ltd. (NYSE:NU) Shares Acquired by Jordan Park Group LLC

Jordan Park Group LLC lifted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 86.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 854,421 shares of the company’s stock after buying an additional 395,429 shares during the period. NU makes up about 0.7% of Jordan Park Group LLC’s holdings, making the stock its 18th biggest holding. Jordan Park Group LLC’s holdings in NU were worth $8,852,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Handelsbanken Fonder AB increased its holdings in shares of NU by 31.0% during the 4th quarter. Handelsbanken Fonder AB now owns 1,189,159 shares of the company’s stock worth $12,320,000 after buying an additional 281,742 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of NU by 52.4% during the 4th quarter. Private Advisor Group LLC now owns 79,831 shares of the company’s stock worth $827,000 after buying an additional 27,456 shares during the last quarter. Good Life Advisors LLC acquired a new stake in shares of NU during the 4th quarter worth $138,000. Financial Perspectives Inc increased its holdings in NU by 8.6% in the 4th quarter. Financial Perspectives Inc now owns 30,567 shares of the company’s stock valued at $317,000 after purchasing an additional 2,415 shares in the last quarter. Finally, Accuvest Global Advisors increased its holdings in NU by 25.2% in the 4th quarter. Accuvest Global Advisors now owns 33,414 shares of the company’s stock valued at $346,000 after purchasing an additional 6,730 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Performance

NYSE:NU opened at $13.48 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a 50-day moving average of $11.92 and a two-hundred day moving average of $13.23. The stock has a market cap of $64.22 billion, a P/E ratio of 37.43, a PEG ratio of 0.48 and a beta of 1.10. Nu Holdings Ltd. has a 1-year low of $9.67 and a 1-year high of $16.15.

Analysts Set New Price Targets

Several analysts recently issued reports on NU shares. UBS Group lowered their price target on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday. Susquehanna increased their price target on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Citigroup downgraded 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 report on Monday, December 2nd. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Finally, The Goldman Sachs Group increased their price target on NU from $17.00 to $19.00 and gave the company a “buy” rating in a 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 given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $15.80.

NU 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.