Dynamic Technology Lab Private Ltd Takes Position in Nu Holdings Ltd. (NYSE:NU)

Dynamic Technology Lab Private Ltd purchased a new position in Nu Holdings Ltd. (NYSE:NU) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 79,358 shares of the company’s stock, valued at approximately $1,083,000.

Several other institutional investors have also added to or reduced their stakes in NU. Fisher Asset Management LLC bought a new stake in NU in the 3rd quarter worth $98,704,000. Thrivent Financial for Lutherans grew its stake in shares of NU by 23.2% in the third 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 last quarter. Adero Partners LLC increased its holdings in NU by 5.7% during the 3rd quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock valued at $65,784,000 after purchasing an additional 259,324 shares during the period. Aigen Investment Management LP bought a new position in NU during the 3rd quarter valued at approximately $814,000. Finally, Principal Financial Group Inc. lifted its holdings in NU by 315.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company’s stock worth $15,745,000 after buying an additional 876,039 shares during the period. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

NU Trading Down 2.1 %

NYSE:NU opened at $13.94 on Wednesday. Nu Holdings Ltd. has a one year low of $8.04 and a one year high of $16.15. The company’s 50-day simple moving average is $14.40 and its 200 day simple moving average is $13.32. The firm has a market capitalization of $66.41 billion, a P/E ratio of 38.71, a PEG ratio of 0.63 and a beta of 1.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

Analysts Set New Price Targets

Several research firms have recently issued reports on NU. Bank of America boosted their target price on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. KeyCorp upped their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. The Goldman Sachs Group lifted their target price on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Barclays boosted 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 Friday, August 16th. Finally, UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a report on Friday, August 2nd. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.21.

About NU

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.