Nu Holdings Ltd. (NYSE:NU) Shares Purchased by Unison Asset Management LLC

Unison Asset Management LLC boosted its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,179,319 shares of the company’s stock after purchasing an additional 35,573 shares during the quarter. NU accounts for approximately 7.7% of Unison Asset Management LLC’s holdings, making the stock its 4th biggest position. Unison Asset Management LLC’s holdings in NU were worth $16,098,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Massmutual Trust Co. FSB ADV increased its position in shares of NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after purchasing an additional 1,422 shares in the last quarter. GAMMA Investing LLC grew its holdings in NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after acquiring an additional 815 shares during the last quarter. Carolina Wealth Advisors LLC bought a new stake in NU during the 3rd quarter worth about $44,000. ORG Partners LLC bought a new stake in NU during the 2nd quarter worth about $54,000. Finally, Toth Financial Advisory Corp bought a new stake in NU during the 3rd quarter worth about $55,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

NU Price Performance

NYSE NU opened at $14.09 on Monday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 12-month low of $8.04 and a 12-month high of $16.15. The company has a market capitalization of $67.15 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 0.63 and a beta of 1.13. The firm’s 50 day moving average is $14.41 and its 200-day moving average is $13.30.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NU. JPMorgan Chase & Co. increased their price objective on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a report on Friday, August 2nd. Susquehanna raised their target price on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group raised 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. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently 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.