Tempus Wealth Planning LLC Takes $158,000 Position in Nu Holdings Ltd. (NYSE:NU)

Tempus Wealth Planning LLC acquired a new stake in Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,229 shares of the company’s stock, valued at approximately $158,000.

Other institutional investors have also modified their holdings of the company. LRI Investments LLC lifted its holdings in shares of NU by 3.1% in the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock valued at $341,000 after purchasing an additional 743 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of NU by 3.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock valued at $362,000 after purchasing an additional 801 shares during the last quarter. Marcum Wealth LLC raised its stake in NU by 2.5% during the 3rd quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock valued at $508,000 after acquiring an additional 903 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in NU by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock valued at $716,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. raised its stake in NU by 2.0% during the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company’s stock valued at $579,000 after acquiring an additional 1,000 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on NU. Susquehanna upped their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. The Goldman Sachs Group upped their price objective on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. KeyCorp upped their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Finally, Citigroup cut NU from a “neutral” rating to a “sell” rating and reduced their price target for the company from $14.60 to $11.00 in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $15.63.

NU Stock Performance

NYSE NU opened at $13.30 on Wednesday. Nu Holdings Ltd. has a 1-year low of $9.09 and a 1-year high of $16.15. The company has a market capitalization of $63.36 billion, a P/E ratio of 36.93, a PEG ratio of 0.47 and a beta of 1.10. The business has a 50 day moving average price of $11.61 and a 200 day moving average price of $13.12. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.