Unison Asset Management LLC Acquires 44,443 Shares of Nu Holdings Ltd. (NYSE:NU)

Unison Asset Management LLC grew its position in shares of Nu Holdings Ltd. (NYSE:NU) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,223,762 shares of the company’s stock after acquiring an additional 44,443 shares during the quarter. NU comprises about 6.2% of Unison Asset Management LLC’s investment portfolio, making the stock its 4th largest holding. Unison Asset Management LLC’s holdings in NU were worth $12,678,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. B. Riley Wealth Advisors Inc. bought a new stake in shares of NU during the second quarter valued at about $135,000. Truist Financial Corp boosted its position in shares of NU by 5.6% in the 2nd quarter. Truist Financial Corp now owns 180,447 shares of the company’s stock valued at $2,326,000 after purchasing an additional 9,593 shares during the period. Cetera Investment Advisers increased its position in shares of NU by 20.6% in the second quarter. Cetera Investment Advisers now owns 134,715 shares of the company’s stock worth $1,736,000 after acquiring an additional 22,996 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in NU in the 2nd quarter worth approximately $656,000. Finally, GAMMA Investing LLC raised its stake in NU by 81.9% during 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. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NU shares. Susquehanna increased their price target on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. The Goldman Sachs Group lifted 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. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. KeyCorp lifted their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.63.

NU Price Performance

NU stock opened at $13.75 on Friday. 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 business has a 50 day simple moving average of $11.64 and a 200 day simple moving average of $13.13. Nu Holdings Ltd. has a one year low of $9.44 and a one year high of $16.15. The company has a market capitalization of $65.51 billion, a PE ratio of 38.18, a price-to-earnings-growth ratio of 0.49 and a beta of 1.10.

NU Company Profile

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.