Segall Bryant & Hamill LLC Invests $446,000 in Nu Holdings Ltd. (NYSE:NU)

Segall Bryant & Hamill LLC acquired a new position in Nu Holdings Ltd. (NYSE:NU) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 32,702 shares of the company’s stock, valued at approximately $446,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Adero Partners LLC grew its stake in NU by 5.7% during the third quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock valued at $65,784,000 after acquiring an additional 259,324 shares in the last quarter. Aigen Investment Management LP purchased a new position in NU during the third quarter valued at $814,000. Principal Financial Group Inc. grew its stake in NU by 315.8% during the third quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company’s stock valued at $15,745,000 after acquiring an additional 876,039 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in NU by 1,074.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 131,136 shares of the company’s stock valued at $1,790,000 after acquiring an additional 119,972 shares in the last quarter. Finally, Public Investment Fund grew its stake in NU by 223.1% during the second quarter. Public Investment Fund now owns 3,802,480 shares of the company’s stock valued at $49,014,000 after acquiring an additional 2,625,500 shares in the last quarter. 80.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NU. Bank of America lifted their price objective 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. Barclays lifted their price objective on shares of 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 shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a research note on Friday, August 2nd. The Goldman Sachs Group lifted their price objective on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Susquehanna lifted their price objective on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $16.21.

NU Price Performance

NU stock opened at $13.91 on Monday. The firm has a 50-day moving average price of $14.41 and a 200-day moving average price of $13.30. The firm has a market capitalization of $66.29 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 0.60 and a beta of 1.13. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 12-month low of $8.04 and a 12-month high of $16.15.

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.