Carolina Wealth Advisors LLC Grows Stake in Nu Holdings Ltd. (NYSE:NU)

Carolina Wealth Advisors LLC raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 349.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,442 shares of the company’s stock after buying an additional 11,228 shares during the period. Carolina Wealth Advisors LLC’s holdings in NU were worth $150,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. increased its position in shares of NU by 22.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 20,394 shares of the company’s stock worth $263,000 after purchasing an additional 3,784 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of NU by 7.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,216,693 shares of the company’s stock worth $54,353,000 after acquiring an additional 280,397 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new stake in shares of NU during the 2nd quarter worth about $875,000. Virtu Financial LLC purchased a new stake in shares of NU during the 2nd quarter worth about $1,513,000. Finally, Amalgamated Bank raised its position in shares of NU by 45.5% during the 2nd quarter. Amalgamated Bank now owns 215,062 shares of the company’s stock worth $2,772,000 after purchasing an additional 67,216 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Price Performance

NYSE NU opened at $11.42 on Thursday. The stock has a market cap of $54.43 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 0.39 and a beta of 1.05. Nu Holdings Ltd. has a 52-week low of $8.51 and a 52-week high of $16.15. The business has a 50 day simple moving average of $12.28 and a 200 day simple moving average of $13.19. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NU. The Goldman Sachs Group raised their price target on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Susquehanna lifted their price objective 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. Citigroup cut shares of 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 research report on Monday, December 2nd. KeyCorp increased their price target 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 lowered shares of NU from an “outperform” rating to a “market perform” 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 given 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 $15.63.

NU Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.