Paragon Capital Management Inc. Acquires Shares of 101,565 Nu Holdings Ltd. (NYSE:NU)

Paragon Capital Management Inc. purchased a new stake in Nu Holdings Ltd. (NYSE:NU) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 101,565 shares of the company’s stock, valued at approximately $1,052,000.

A number of other institutional investors have also added to or reduced their stakes in NU. Piscataqua Savings Bank raised its stake in shares of NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after acquiring an additional 2,500 shares during the last quarter. Carolina Wealth Advisors LLC bought a new stake in shares of NU in the 3rd quarter valued at $44,000. Toth Financial Advisory Corp acquired a new position in NU in the third quarter valued at $55,000. GAMMA Investing LLC lifted its stake in shares of 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 stake in shares of NU by 86.3% in the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after acquiring an additional 2,131 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NU. KeyCorp lifted their price objective on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. 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 research report on Monday, December 2nd. Susquehanna increased their price target on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group boosted their price objective on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $15.63.

NU Trading Up 1.2 %

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

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.