Carnegie Investment Counsel Has $13.97 Million Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Carnegie Investment Counsel boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,347,980 shares of the company’s stock after buying an additional 68,850 shares during the period. Carnegie Investment Counsel’s holdings in NU were worth $13,965,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Fisher Asset Management LLC acquired a new stake in shares of NU during the 3rd quarter valued at $98,704,000. Thrivent Financial for Lutherans boosted its position 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 purchasing an additional 48,445 shares during the last quarter. Adero Partners LLC grew its stake in NU by 5.7% in the third 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 in the last quarter. Summit Partners Public Asset Management LLC increased its position 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 purchasing an additional 50,000 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its stake in shares of NU by 6.2% during the 3rd quarter. Royal London Asset Management Ltd. now owns 1,305,453 shares of the company’s stock worth $17,819,000 after purchasing an additional 76,009 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Trading Down 1.3 %

NU stock opened at $11.27 on Friday. Nu Holdings Ltd. has a 52 week low of $8.51 and a 52 week high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a market capitalization of $53.69 billion, a PE ratio of 31.29, a PEG ratio of 0.39 and a beta of 1.05. The business’s 50-day simple moving average is $12.21 and its 200-day simple moving average is $13.18.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NU shares. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a 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 research note on Thursday, November 14th. The Goldman Sachs Group lifted their price objective 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. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. Finally, Susquehanna upped their price target on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.