Quantinno Capital Management LP Boosts Holdings in Nu Holdings Ltd. (NYSE:NU)

Quantinno Capital Management LP raised its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 112.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,156 shares of the company’s stock after buying an additional 33,968 shares during the quarter. Quantinno Capital Management LP’s holdings in NU were worth $876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV boosted its stake in NU by 287.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after buying an additional 1,422 shares during the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of NU during the 3rd quarter valued at approximately $44,000. ORG Partners LLC purchased a new position in shares of NU in the second quarter valued at $54,000. Toth Financial Advisory Corp bought a new stake in NU in the third quarter worth $55,000. Finally, GAMMA Investing LLC raised its stake in NU by 81.9% during the third 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 in the last quarter. Institutional investors own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NU. JPMorgan Chase & Co. lifted their price objective on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. Barclays lifted their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, Susquehanna increased their price target on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, NU has a consensus rating of “Hold” and a consensus target price of $15.63.

NU Price Performance

NU opened at $11.94 on Friday. The business has a fifty day moving average of $13.90 and a 200 day moving average of $13.36. The stock has a market cap of $56.91 billion, a P/E ratio of 33.17, a PEG ratio of 0.61 and a beta of 0.99. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 52-week low of $8.06 and a 52-week high of $16.15.

About NU

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.