a16z Perennial Management L.P. Has $158.36 Million Stock Position in Nu Holdings Ltd. (NYSE:NU)

a16z Perennial Management L.P. boosted its holdings in Nu Holdings Ltd. (NYSE:NU) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,285,500 shares of the company’s stock after acquiring an additional 926,000 shares during the period. NU comprises about 16.7% of a16z Perennial Management L.P.’s investment portfolio, making the stock its 2nd biggest holding. a16z Perennial Management L.P.’s holdings in NU were worth $158,358,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Piscataqua Savings Bank lifted its position in NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after purchasing an additional 2,500 shares during the last quarter. Carolina Wealth Advisors LLC bought a new stake in shares of NU during the third quarter valued at approximately $44,000. Toth Financial Advisory Corp bought a new position in NU in the 3rd quarter worth approximately $55,000. GAMMA Investing LLC increased its position in NU by 81.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock valued at $56,000 after acquiring an additional 1,855 shares during the period. Finally, Huntington National Bank raised its stake in NU by 86.3% during the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after acquiring an additional 2,131 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on NU. Citigroup cut shares of 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 report on Monday, December 2nd. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. The Goldman Sachs Group raised their target price on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. 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. Finally, KeyCorp lifted their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $15.63.

NU Trading Down 0.3 %

Shares of NU stock opened at $13.75 on Monday. The firm’s fifty day simple moving average is $11.64 and its 200 day simple moving average is $13.14. Nu Holdings Ltd. has a 1 year low of $9.44 and a 1 year high of $16.15. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $65.51 billion, a P/E ratio of 38.18, a price-to-earnings-growth ratio of 0.49 and a beta of 1.10.

NU 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.