West Oak Capital LLC Acquires New Stake in Nu Holdings Ltd. (NYSE:NU)

West Oak Capital LLC bought a new stake in shares of Nu Holdings Ltd. (NYSE:NU) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 80,748 shares of the company’s stock, valued at approximately $837,000.

Other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC purchased a new stake in shares of NU during the 3rd quarter worth $98,704,000. Thrivent Financial for Lutherans lifted its holdings in NU by 23.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock worth $3,517,000 after buying an additional 48,445 shares during the last quarter. Adero Partners LLC boosted its position in shares of NU by 5.7% during the 3rd quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock worth $65,784,000 after acquiring an additional 259,324 shares in the last quarter. Summit Partners Public Asset Management LLC increased its holdings in shares of NU by 20.0% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock valued at $4,095,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its position in shares of NU by 6.2% during the 3rd quarter. Royal London Asset Management Ltd. now owns 1,305,453 shares of the company’s stock worth $17,819,000 after acquiring an additional 76,009 shares in the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Trading Down 1.4 %

NU traded down $0.16 during midday trading on Friday, hitting $10.98. The company’s stock had a trading volume of 28,857,648 shares, compared to its average volume of 27,314,629. The firm has a market cap of $52.33 billion, a P/E ratio of 30.50, a PEG ratio of 0.59 and a beta of 1.05. Nu Holdings Ltd. has a 52-week low of $8.51 and a 52-week 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 50-day moving average price of $12.49 and a two-hundred day moving average price of $13.22.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Susquehanna lifted their target price on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. KeyCorp upped their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Bank of America raised their price target on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group lifted their target price on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.