Americana Partners LLC Acquires 5,463 Shares of Nu Holdings Ltd. (NYSE:NU)

Americana Partners LLC boosted its holdings in Nu Holdings Ltd. (NYSE:NU) by 34.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NU. Fisher Asset Management LLC bought a new position in shares of NU during the third quarter valued at about $98,704,000. Thrivent Financial for Lutherans raised its stake in shares of NU by 23.2% during the third quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock valued at $3,517,000 after acquiring an additional 48,445 shares during the last quarter. Adero Partners LLC raised its stake in shares of NU by 5.7% during the third quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock valued at $65,784,000 after acquiring an additional 259,324 shares during the last quarter. Summit Partners Public Asset Management LLC raised its stake in shares of 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 acquiring an additional 50,000 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft raised its stake in shares of NU by 19.6% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock valued at $3,680,000 after acquiring an additional 58,183 shares during the last quarter. 84.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Susquehanna upped their price objective on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Citigroup downgraded shares of 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 increased their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, 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 note on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $15.80.

NU Price Performance

Shares of NU opened at $13.55 on Wednesday. The stock has a market cap of $64.55 billion, a PE ratio of 37.63, a price-to-earnings-growth ratio of 0.49 and a beta of 1.10. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. Nu Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $16.15. The firm’s 50-day simple moving average is $11.90 and its two-hundred day simple moving average is $13.23.

About NU

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.