Park National Corp OH Decreases Position in Nu Holdings Ltd. (NYSE:NU)

Park National Corp OH lowered its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 20.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,783 shares of the company’s stock after selling 3,687 shares during the quarter. Park National Corp OH’s holdings in NU were worth $153,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. LRI Investments LLC increased its position in shares of NU by 3.1% in the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock valued at $341,000 after purchasing an additional 743 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in shares of NU by 3.1% during the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock worth $362,000 after purchasing an additional 801 shares in the last quarter. Marcum Wealth LLC increased its holdings in NU by 2.5% in the third quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock valued at $508,000 after buying an additional 903 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in NU by 4.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 26,477 shares of the company’s stock worth $361,000 after buying an additional 1,248 shares during the last quarter. Finally, Gateway Advisory LLC boosted its position in shares of NU by 2.1% during the 2nd quarter. Gateway Advisory LLC now owns 69,255 shares of the company’s stock worth $893,000 after acquiring an additional 1,419 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Price Performance

Shares of NU opened at $11.19 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. Nu Holdings Ltd. has a fifty-two week low of $8.51 and a fifty-two week high of $16.15. The firm has a 50-day simple moving average of $12.49 and a 200-day simple moving average of $13.22. The company has a market capitalization of $53.33 billion, a price-to-earnings ratio of 31.08, a price-to-earnings-growth ratio of 0.59 and a beta of 1.05.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NU shares. The Goldman Sachs Group raised their target price on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Susquehanna raised their price objective on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. KeyCorp lifted their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, Bank of America raised their price objective on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $15.63.

About NU

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.