Orion Portfolio Solutions LLC Buys 4,967 Shares of Nu Holdings Ltd. (NYSE:NU)

Orion Portfolio Solutions LLC lifted its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 4.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 115,677 shares of the company’s stock after purchasing an additional 4,967 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in NU were worth $1,579,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NU. Fisher Asset Management LLC bought a new position in NU in the 3rd quarter valued at $98,704,000. Thrivent Financial for Lutherans boosted its stake in NU by 23.2% during the third quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock valued at $3,517,000 after buying an additional 48,445 shares during the period. Adero Partners LLC grew its position in NU by 5.7% during the third quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock worth $65,784,000 after buying an additional 259,324 shares in the last quarter. Summit Partners Public Asset Management LLC increased its stake in 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 acquiring an additional 50,000 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its holdings in shares of NU by 6.2% in the 3rd quarter. Royal London Asset Management Ltd. now owns 1,305,453 shares of the company’s stock valued at $17,819,000 after acquiring an additional 76,009 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.

NU Stock Down 0.4 %

NU opened at $11.94 on Friday. The company has a market cap of $56.91 billion, a P/E ratio of 33.17, a P/E/G ratio of 0.61 and a beta of 0.99. Nu Holdings Ltd. has a 12 month low of $8.06 and a 12 month high of $16.15. The business’s 50-day moving average price is $13.90 and its 200-day moving average price is $13.36. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NU. Susquehanna upped their price objective on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. KeyCorp increased their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. The Goldman Sachs Group increased their target price on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. lifted their price target on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $15.63.

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.