Nu Holdings Ltd. (NYSE:NU) Position Boosted by Shelton Wealth Management LLC

Shelton Wealth Management LLC boosted its position in Nu Holdings Ltd. (NYSE:NU) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,506 shares of the company’s stock after buying an additional 4,993 shares during the quarter. Shelton Wealth Management LLC’s holdings in NU were worth $1,052,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC acquired a new position in shares of NU during the third quarter valued at $98,704,000. Thrivent Financial for Lutherans boosted its stake in NU by 23.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock valued at $3,517,000 after purchasing an additional 48,445 shares in the last quarter. Adero Partners LLC raised its stake in shares of NU by 5.7% in the 3rd quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock worth $65,784,000 after buying an additional 259,324 shares in the last quarter. Summit Partners Public Asset Management LLC boosted its stake in NU by 20.0% during the third quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock valued at $4,095,000 after buying an additional 50,000 shares in the last quarter. Finally, Royal London Asset Management Ltd. grew its holdings in NU by 6.2% during the third quarter. Royal London Asset Management Ltd. now owns 1,305,453 shares of the company’s stock worth $17,819,000 after acquiring an additional 76,009 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Trading Up 2.3 %

NYSE:NU opened at $11.54 on Friday. The stock’s 50-day moving average is $12.06 and its two-hundred day moving average is $13.16. 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 stock has a market cap of $54.98 billion, a PE ratio of 32.04, a price-to-earnings-growth ratio of 0.39 and a beta of 1.05. Nu Holdings Ltd. has a fifty-two week low of $8.51 and a fifty-two week high of $16.15.

Analysts Set New Price Targets

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

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.