Berbice Capital Management LLC Invests $93,000 in Nu Holdings Ltd. (NYSE:NU)

Berbice Capital Management LLC purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, HoldingsChannel reports. The firm purchased 9,000 shares of the company’s stock, valued at approximately $93,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV grew its stake in NU by 287.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after buying an additional 1,422 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new position in NU in the 3rd quarter valued at $44,000. Toth Financial Advisory Corp acquired a new position in NU in the 3rd quarter valued at $55,000. GAMMA Investing LLC grew its stake 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 buying an additional 1,855 shares during the last quarter. Finally, Huntington National Bank grew its stake in NU by 86.3% in the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after buying an additional 2,131 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Trading Up 2.3 %

NU opened at $12.47 on Friday. 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 stock has a market capitalization of $59.44 billion, a PE ratio of 34.83, a PEG ratio of 0.43 and a beta of 1.05. Nu Holdings Ltd. has a 1-year low of $8.51 and a 1-year high of $16.15. The firm has a 50-day moving average price of $11.75 and a two-hundred day moving average price of $13.14.

Analyst Ratings Changes

A number of research firms recently issued reports on NU. Susquehanna increased their price target on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. The Goldman Sachs Group increased their price target on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. KeyCorp increased their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Finally, Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and reduced their price target for the company from $14.60 to $11.00 in a report on Monday, December 2nd. 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 stock has an average rating of “Hold” and a consensus 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.