James Investment Research Inc. Invests $142,000 in Nu Holdings Ltd. (NYSE:NU)

James Investment Research Inc. acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 13,743 shares of the company’s stock, valued at approximately $142,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning boosted its stake in shares of NU by 102.0% during the third quarter. Creative Planning now owns 845,637 shares of the company’s stock valued at $11,543,000 after purchasing an additional 427,013 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in shares of NU by 58.8% during the third quarter. Bleakley Financial Group LLC now owns 18,057 shares of the company’s stock valued at $246,000 after purchasing an additional 6,688 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of NU by 1,074.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 131,136 shares of the company’s stock valued at $1,790,000 after purchasing an additional 119,972 shares in the last quarter. Heritage Wealth Management Inc. CA acquired a new stake in shares of NU during the third quarter valued at about $137,000. Finally, Toth Financial Advisory Corp acquired a new stake in shares of NU during the third quarter valued at about $55,000. Institutional investors own 84.02% of the company’s stock.

NU Price Performance

Shares of NU opened at $13.70 on Monday. The company has a market capitalization of $65.27 billion, a price-to-earnings ratio of 38.04, a price-to-earnings-growth ratio of 0.49 and a beta of 1.10. The business has a 50-day moving average of $11.82 and a 200-day moving average of $13.19. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. Nu Holdings Ltd. has a 1 year low of $9.67 and a 1 year high of $16.15.

Analyst Upgrades and Downgrades

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