William Marsh Rice University Takes $607,000 Position in Nu Holdings Ltd. (NYSE:NU)

William Marsh Rice University bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the fourth quarter, Holdings Channel.com reports. The fund bought 58,616 shares of the company’s stock, valued at approximately $607,000. NU comprises 0.7% of William Marsh Rice University’s portfolio, making the stock its 2nd biggest holding.

Other hedge funds have also recently bought and sold shares of the company. LRI Investments LLC raised its stake in NU by 3.1% during the third quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock worth $341,000 after acquiring an additional 743 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of NU by 3.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock worth $362,000 after acquiring an additional 801 shares in the last quarter. Marcum Wealth LLC grew its position in NU by 2.5% during the 3rd quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock worth $508,000 after acquiring an additional 903 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in NU by 1.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock valued at $716,000 after purchasing an additional 1,000 shares in the last quarter. Finally, OneDigital Investment Advisors LLC boosted its stake in NU by 4.9% in the third quarter. OneDigital Investment Advisors LLC now owns 26,477 shares of the company’s stock worth $361,000 after purchasing an additional 1,248 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

NU Stock Up 1.6 %

NU opened at $11.12 on Tuesday. 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 has a fifty day moving average of $12.36 and a 200-day moving average of $13.21. Nu Holdings Ltd. has a fifty-two week low of $8.51 and a fifty-two week high of $16.15. The company has a market capitalization of $53.00 billion, a P/E ratio of 30.89, a P/E/G ratio of 0.59 and a beta of 1.05.

Analyst Ratings Changes

Several research analysts recently issued reports on NU shares. The Goldman Sachs Group upped their price target on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Citigroup cut NU from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. KeyCorp lifted their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, 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 note on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, NU has a consensus rating of “Hold” and a consensus price target 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.