Tempus Wealth Planning LLC Acquires New Shares in Nu Holdings Ltd. (NYSE:NU)

Tempus Wealth Planning LLC purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, Holdings Channel reports. The firm purchased 15,229 shares of the company’s stock, valued at approximately $158,000.

Several other hedge funds also recently bought and sold shares of NU. AQR Capital Management LLC increased its position in NU by 19.5% during the second quarter. AQR Capital Management LLC now owns 186,897 shares of the company’s stock worth $2,409,000 after buying an additional 30,498 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of NU by 9.7% in the second quarter. The Manufacturers Life Insurance Company now owns 314,189 shares of the company’s stock valued at $4,050,000 after purchasing an additional 27,662 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in shares of NU in the second quarter valued at $135,000. Truist Financial Corp grew its position in shares of NU by 5.6% in the second quarter. Truist Financial Corp now owns 180,447 shares of the company’s stock valued at $2,326,000 after purchasing an additional 9,593 shares during the period. Finally, Cetera Investment Advisers grew its position in shares of NU by 20.6% in the second quarter. Cetera Investment Advisers now owns 134,715 shares of the company’s stock valued at $1,736,000 after purchasing an additional 22,996 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NU. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. KeyCorp lifted their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Susquehanna lifted their price objective on NU from $16.00 to $18.00 and gave the company a “positive” 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 research report 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 report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.63.

NU Trading Up 1.2 %

Shares of NU opened at $13.30 on Wednesday. The stock’s 50-day moving average is $11.61 and its two-hundred day moving average is $13.12. The stock has a market cap of $63.36 billion, a PE ratio of 36.93, a P/E/G ratio of 0.47 and a beta of 1.10. Nu Holdings Ltd. has a 12 month low of $9.09 and a 12 month high of $16.15. 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 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.