RPg Family Wealth Advisory LLC Raises Stake in Nu Holdings Ltd. (NYSE:NU)

RPg Family Wealth Advisory LLC boosted its position in Nu Holdings Ltd. (NYSE:NU) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 227,633 shares of the company’s stock after purchasing an additional 11,743 shares during the period. RPg Family Wealth Advisory LLC’s holdings in NU were worth $3,107,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NU. Hamilton Lane Advisors LLC raised its position in shares of NU by 97.8% in the first quarter. Hamilton Lane Advisors LLC now owns 500,791 shares of the company’s stock valued at $5,974,000 after purchasing an additional 247,642 shares during the period. Vanguard Group Inc. raised its holdings in NU by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 9,593,217 shares of the company’s stock valued at $114,447,000 after acquiring an additional 343,114 shares during the period. Advisors Asset Management Inc. lifted its position in shares of NU by 34.2% during the first quarter. Advisors Asset Management Inc. now owns 30,314 shares of the company’s stock worth $362,000 after acquiring an additional 7,717 shares in the last quarter. First Western Trust Bank boosted its holdings in shares of NU by 60.0% in the first quarter. First Western Trust Bank now owns 17,589 shares of the company’s stock worth $210,000 after acquiring an additional 6,596 shares during the period. Finally, Milestones Administradora de Recursos Ltda. grew its position in shares of NU by 41.5% in the first quarter. Milestones Administradora de Recursos Ltda. now owns 1,278,500 shares of the company’s stock valued at $15,253,000 after purchasing an additional 375,000 shares in the last quarter. 80.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a research note on Friday, August 2nd. Susquehanna raised their price objective on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Barclays upped their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Finally, Bank of America boosted their price target on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, NU has an average rating of “Moderate Buy” and an average price target of $16.21.

NU Price Performance

NU stock opened at $13.95 on Wednesday. The firm has a 50 day simple moving average of $14.40 and a two-hundred day simple moving average of $13.32. The stock has a market cap of $66.48 billion, a PE ratio of 38.71, a P/E/G ratio of 0.64 and a beta of 1.13. Nu Holdings Ltd. has a one year low of $8.04 and a one year high of $16.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

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.