Thrivent Financial for Lutherans Buys 48,445 Shares of Nu Holdings Ltd. (NYSE:NU)

Thrivent Financial for Lutherans increased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 23.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 257,648 shares of the company’s stock after purchasing an additional 48,445 shares during the quarter. Thrivent Financial for Lutherans’ holdings in NU were worth $3,517,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NU. Hamilton Lane Advisors LLC lifted its position 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 purchasing an additional 247,642 shares during the period. Vanguard Group Inc. increased its holdings in NU by 3.7% in the first 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 last quarter. Advisors Asset Management Inc. lifted its stake in NU by 34.2% in the first quarter. Advisors Asset Management Inc. now owns 30,314 shares of the company’s stock valued at $362,000 after buying an additional 7,717 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in NU during the first quarter worth about $17,204,000. Finally, Adalta Capital Management LLC boosted its stake in NU by 5.0% during the 1st quarter. Adalta Capital Management LLC now owns 66,225 shares of the company’s stock worth $790,000 after acquiring an additional 3,125 shares during the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NU. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Barclays raised 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. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a research note on Friday, August 2nd. Susquehanna raised their price target on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. boosted their price objective on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, NU currently has a consensus rating of “Moderate Buy” and an average price target of $16.21.

NU Stock Up 2.2 %

NU stock opened at $14.22 on Tuesday. Nu Holdings Ltd. has a fifty-two week low of $8.04 and a fifty-two week high of $16.15. The firm has a market capitalization of $67.77 billion, a PE ratio of 39.50, a P/E/G ratio of 0.63 and a beta of 1.13. The company’s 50-day moving average is $14.40 and its 200-day moving average is $13.32. 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 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.