35,000 Shares in Nu Holdings Ltd. (NYSE:NU) Bought by Mount Lucas Management LP

Mount Lucas Management LP bought a new stake in Nu Holdings Ltd. (NYSE:NU) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 35,000 shares of the company’s stock, valued at approximately $478,000.

Several other institutional investors also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its holdings in shares of NU by 179.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,841 shares of the company’s stock valued at $105,000 after purchasing an additional 5,672 shares in the last quarter. Hamilton Lane Advisors LLC grew its position in NU by 97.8% during the first quarter. Hamilton Lane Advisors LLC now owns 500,791 shares of the company’s stock worth $5,974,000 after buying an additional 247,642 shares during the period. Oppenheimer & Co. Inc. purchased a new position in NU in the first quarter valued at about $133,000. Avantax Advisory Services Inc. acquired a new stake in shares of NU during the 1st quarter valued at approximately $130,000. Finally, Bleakley Financial Group LLC purchased a new stake in shares of NU during the 1st quarter worth approximately $152,000. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

NU Stock Down 7.4 %

Shares of NYSE NU opened at $14.06 on Monday. The firm has a market cap of $67.01 billion, a P/E ratio of 39.06, a price-to-earnings-growth ratio of 0.64 and a beta of 1.13. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.49 and a current ratio of 0.44. Nu Holdings Ltd. has a 1 year low of $7.74 and a 1 year high of $16.15. The firm’s 50 day moving average price is $14.48 and its 200 day moving average price is $13.24.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Bank of America lifted their price objective on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday. The Goldman Sachs Group raised their target price on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. increased their price target on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Finally, Susquehanna lifted their price objective on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.21.

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.