Barclays PLC Buys 359,733 Shares of Nu Holdings Ltd. (NYSE:NU)

Barclays PLC raised its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 55.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,005,022 shares of the company’s stock after acquiring an additional 359,733 shares during the period. Barclays PLC’s holdings in NU were worth $13,718,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV grew its holdings in shares of NU by 287.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after acquiring an additional 1,422 shares in the last quarter. Carolina Wealth Advisors LLC bought a new stake in NU during the third quarter worth $44,000. Toth Financial Advisory Corp purchased a new position in NU in the third quarter worth $55,000. GAMMA Investing LLC grew its stake in NU by 81.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock valued at $56,000 after purchasing an additional 1,855 shares during the period. Finally, Huntington National Bank increased its position in shares of NU by 86.3% during the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after purchasing an additional 2,131 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NU shares. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. increased their target price on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Bank of America lifted their price target on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Susquehanna increased their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Finally, The Goldman Sachs Group boosted 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, NU has a consensus rating of “Hold” and an average price target of $15.63.

NU Trading Down 0.4 %

NYSE:NU opened at $11.94 on Monday. Nu Holdings Ltd. has a 1 year low of $8.06 and a 1 year high of $16.15. The stock’s fifty day moving average price is $13.90 and its two-hundred day moving average price is $13.38. 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 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 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.