Artemis Investment Management LLP Purchases 241,907 Shares of Nu Holdings Ltd. (NYSE:NU)

Artemis Investment Management LLP increased its position in shares of Nu Holdings Ltd. (NYSE:NU) by 73.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 571,753 shares of the company’s stock after buying an additional 241,907 shares during the period. Artemis Investment Management LLP’s holdings in NU were worth $5,923,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its stake in shares of NU by 22.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 20,394 shares of the company’s stock valued at $263,000 after buying an additional 3,784 shares during the period. Amalgamated Bank grew its stake in NU by 45.5% in the second quarter. Amalgamated Bank now owns 215,062 shares of the company’s stock valued at $2,772,000 after acquiring an additional 67,216 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of NU by 16.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 34,481 shares of the company’s stock valued at $444,000 after acquiring an additional 4,956 shares in the last quarter. Blair William & Co. IL acquired a new position in shares of NU during the second quarter worth approximately $339,000. Finally, Intech Investment Management LLC lifted its holdings in shares of NU by 13.0% in the 2nd quarter. Intech Investment Management LLC now owns 109,040 shares of the company’s stock worth $1,406,000 after purchasing an additional 12,527 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Trading Up 2.3 %

Shares of NU stock opened at $11.54 on Monday. Nu Holdings Ltd. has a 1 year low of $8.51 and a 1 year high of $16.15. The company’s fifty day simple moving average is $12.06 and its two-hundred day simple moving average is $13.17. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market capitalization of $54.98 billion, a price-to-earnings ratio of 32.04, a PEG ratio of 0.39 and a beta of 1.05.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NU. KeyCorp boosted their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Citigroup cut NU from a “neutral” rating to a “sell” rating and cut their target price for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. The Goldman Sachs Group increased their price target on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Susquehanna raised their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.63.

NU Company Profile

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.