William Marsh Rice University Invests $607,000 in Nu Holdings Ltd. (NYSE:NU)

William Marsh Rice University purchased a new stake in shares of Nu Holdings Ltd. (NYSE:NU) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 58,616 shares of the company’s stock, valued at approximately $607,000. NU makes up approximately 0.7% of William Marsh Rice University’s holdings, making the stock its 2nd largest holding.

Several other institutional investors also recently bought and sold shares of NU. Private Advisor Group LLC raised its stake in shares of NU by 10.4% during the second quarter. Private Advisor Group LLC now owns 87,547 shares of the company’s stock valued at $1,128,000 after purchasing an additional 8,239 shares during the period. Los Angeles Capital Management LLC grew its holdings in NU by 16.3% during the 2nd quarter. Los Angeles Capital Management LLC now owns 14,862 shares of the company’s stock worth $192,000 after acquiring an additional 2,080 shares in the last quarter. BOKF NA increased its position in shares of NU by 7,807.6% in the 2nd quarter. BOKF NA now owns 25,067 shares of the company’s stock worth $323,000 after purchasing an additional 24,750 shares during the last quarter. Thoroughbred Financial Services LLC acquired a new stake in shares of NU in the 2nd quarter valued at about $660,000. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of NU by 22.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 20,394 shares of the company’s stock valued at $263,000 after purchasing an additional 3,784 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Susquehanna boosted 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. The Goldman Sachs Group upped their price target on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Finally, KeyCorp increased their price objective 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NU presently has a consensus rating of “Hold” and an average price target of $15.63.

NU Trading Up 1.6 %

NYSE NU opened at $11.12 on Tuesday. The firm’s 50 day moving average price is $12.36 and its two-hundred day moving average price is $13.21. The stock has a market cap of $53.00 billion, a price-to-earnings ratio of 30.89, a PEG ratio of 0.59 and a beta of 1.05. Nu Holdings Ltd. has a twelve month low of $8.51 and a twelve month 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.

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.