Quantbot Technologies LP Buys 73,686 Shares of Nu Holdings Ltd. (NYSE:NU)

Quantbot Technologies LP increased its position in shares of Nu Holdings Ltd. (NYSE:NU) by 60.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 195,708 shares of the company’s stock after acquiring an additional 73,686 shares during the period. Quantbot Technologies LP’s holdings in NU were worth $2,671,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hamilton Lane Advisors LLC increased its position in NU by 97.8% in the 1st quarter. Hamilton Lane Advisors LLC now owns 500,791 shares of the company’s stock valued at $5,974,000 after buying an additional 247,642 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of NU by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 9,593,217 shares of the company’s stock valued at $114,447,000 after purchasing an additional 343,114 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of NU by 34.2% in the first quarter. Advisors Asset Management Inc. now owns 30,314 shares of the company’s stock worth $362,000 after buying an additional 7,717 shares in the last quarter. LRI Investments LLC bought a new position in NU in the 1st quarter valued at $91,000. Finally, Atria Investments Inc bought a new position in NU in the 1st quarter worth about $1,405,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

NU Trading Down 2.9 %

Shares of NYSE NU opened at $13.53 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $14.37 and a two-hundred day simple moving average of $13.34. The firm has a market cap of $64.48 billion, a PE ratio of 37.58, a price-to-earnings-growth ratio of 0.64 and a beta of 1.13. Nu Holdings Ltd. has a twelve month low of $8.04 and a twelve month high of $16.15.

Analysts Set New Price Targets

NU has been the subject of several research reports. Susquehanna upped their target price on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. The Goldman Sachs Group raised their price objective on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. KeyCorp upped their target price 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, Barclays lifted their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.21.

NU Company 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.