Sanders Morris Harris LLC Takes Position in Nu Holdings Ltd. (NYSE:NU)

Sanders Morris Harris LLC purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 11,000 shares of the company’s stock, valued at approximately $114,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LRI Investments LLC boosted its stake in shares of NU by 3.1% in the third quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock valued at $341,000 after buying an additional 743 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in NU by 3.1% in the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock valued at $362,000 after acquiring an additional 801 shares during the period. Marcum Wealth LLC boosted its position in shares of NU by 2.5% during the 3rd quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock worth $508,000 after purchasing an additional 903 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of NU by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock worth $716,000 after purchasing an additional 1,000 shares during the period. Finally, OneDigital Investment Advisors LLC increased its holdings in shares of NU by 4.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 26,477 shares of the company’s stock valued at $361,000 after purchasing an additional 1,248 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Price Performance

NU stock traded down $0.12 during midday trading on Thursday, reaching $11.29. 3,441,472 shares of the company were exchanged, compared to its average volume of 24,959,406. The company has a market capitalization of $53.81 billion, a price-to-earnings ratio of 31.36, a P/E/G ratio of 0.39 and a beta of 1.05. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The firm’s 50-day simple moving average is $12.28 and its 200-day simple moving average is $13.19. Nu Holdings Ltd. has a 1 year low of $8.51 and a 1 year high of $16.15.

Analysts Set New Price Targets

NU has been the topic of a number of research analyst reports. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. KeyCorp upped their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Citigroup cut NU from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. Susquehanna upped their target price on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Finally, 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. One investment 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 MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.