Orion Portfolio Solutions LLC Has $1.58 Million Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Orion Portfolio Solutions LLC grew its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 4.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,677 shares of the company’s stock after buying an additional 4,967 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in NU were worth $1,579,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NU. XTX Topco Ltd bought a new stake in NU during the third quarter worth $939,000. Insigneo Advisory Services LLC boosted its holdings in NU by 40.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 27,954 shares of the company’s stock worth $382,000 after acquiring an additional 8,113 shares during the last quarter. State Street Corp grew its stake in shares of NU by 105.9% in the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after acquiring an additional 40,560,986 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of NU by 8.5% in the third quarter. Stifel Financial Corp now owns 1,177,480 shares of the company’s stock valued at $16,073,000 after purchasing an additional 92,475 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its position in shares of NU by 112.5% during the third quarter. Quantinno Capital Management LP now owns 64,156 shares of the company’s stock valued at $876,000 after purchasing an additional 33,968 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

NU Trading Down 0.4 %

Shares of NU stock opened at $11.94 on Friday. The stock has a market capitalization of $56.91 billion, a P/E ratio of 33.17, a P/E/G ratio of 0.61 and a beta of 0.99. Nu Holdings Ltd. has a 52-week low of $8.06 and a 52-week high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The stock’s 50-day simple moving average is $13.90 and its 200 day simple moving average is $13.36.

Analyst Ratings Changes

A number of brokerages have issued reports on NU. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. Susquehanna increased their price target on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. The Goldman Sachs Group boosted 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. Barclays raised their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, KeyCorp boosted their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, NU presently has a consensus 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.