Assetmark Inc. Acquires 4,848 Shares of Nu Holdings Ltd. (NYSE:NU)

Assetmark Inc. increased its holdings in Nu Holdings Ltd. (NYSE:NU) by 46.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 15,275 shares of the company’s stock after purchasing an additional 4,848 shares during the period. Assetmark Inc.’s holdings in NU were worth $209,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of NU. Allspring Global Investments Holdings LLC grew its stake in shares of NU by 179.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 8,841 shares of the company’s stock worth $105,000 after acquiring an additional 5,672 shares during the period. Hamilton Lane Advisors LLC raised its stake in NU by 97.8% during 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 during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in NU during the 1st quarter valued at $133,000. Avantax Advisory Services Inc. purchased a new position in shares of NU in the 1st quarter worth $130,000. Finally, Bleakley Financial Group LLC bought a new stake in shares of NU in the first quarter worth $152,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Stock Down 7.4 %

Shares of NU stock opened at $14.06 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. Nu Holdings Ltd. has a one year low of $7.74 and a one year high of $16.15. The company’s fifty day moving average price is $14.48 and its 200-day moving average price is $13.22. The company has a market capitalization of $67.01 billion, a price-to-earnings ratio of 39.06, a PEG ratio of 0.71 and a beta of 1.13.

Analyst Ratings Changes

A number of research analysts have weighed in on NU shares. UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a report on Friday, August 2nd. KeyCorp raised their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday. Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday. Bank of America lifted their price target on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Finally, Barclays upped their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.