Americana Partners LLC Boosts Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Americana Partners LLC grew its position in shares of Nu Holdings Ltd. (NYSE:NU) by 34.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 21,418 shares of the company’s stock after purchasing an additional 5,463 shares during the period. Americana Partners LLC’s holdings in NU were worth $222,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Piscataqua Savings Bank boosted its holdings in NU by 500.0% in the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after purchasing an additional 2,500 shares during the last quarter. Toth Financial Advisory Corp purchased a new stake in NU in the third quarter worth approximately $55,000. Huntington National Bank boosted its holdings in NU by 86.3% in the third quarter. Huntington National Bank now owns 4,601 shares of the company’s stock worth $63,000 after purchasing an additional 2,131 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in NU in the fourth quarter worth approximately $93,000. Finally, SteelPeak Wealth LLC purchased a new stake in NU in the fourth quarter worth approximately $105,000. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Performance

Shares of NYSE NU opened at $13.55 on Wednesday. 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 company has a market cap of $64.55 billion, a P/E ratio of 37.63, a P/E/G ratio of 0.49 and a beta of 1.10. The firm’s fifty day moving average is $11.90 and its two-hundred day moving average is $13.23. Nu Holdings Ltd. has a 52-week low of $9.67 and a 52-week high of $16.15.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NU shares. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and dropped their target price 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. The Goldman Sachs Group increased their price target on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. 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. Finally, UBS Group decreased their price target on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday. 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.80.

NU 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.