Avestar Capital LLC purchased a new position in Nu Holdings Ltd. (NYSE:NU – Get Rating) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 68,427 shares of the company's stock, valued at approximately $528,000.

A number of other large investors have also modified their holdings of the business. Exchange Traded Concepts LLC acquired a new stake in NU in the 1st quarter worth about $911,000. Glynn Capital Management LLC boosted its stake in NU by 11.7% in the 1st quarter. Glynn Capital Management LLC now owns 3,339,807 shares of the company's stock worth $25,783,000 after buying an additional 350,710 shares during the last quarter. ARK Investment Management LLC boosted its stake in NU by 14.4% in the 1st quarter. ARK Investment Management LLC now owns 4,494,127 shares of the company's stock worth $34,695,000 after buying an additional 565,660 shares during the last quarter. Rothschild Investment Corp IL acquired a new stake in NU in the 1st quarter worth about $81,000. Finally, Genesis Investment Management LLP boosted its stake in NU by 5.7% in the 1st quarter. Genesis Investment Management LLP now owns 14,223,228 shares of the company's stock worth $109,803,000 after buying an additional 762,893 shares during the last quarter. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:NU opened at $3.98 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.04. Nu Holdings Ltd. has a one year low of $3.26 and a one year high of $12.24. The business's 50-day simple moving average is $4.10 and its 200 day simple moving average is $6.62.

A number of brokerages have issued reports on NU. Moffett Nathanson assumed coverage on NU in a research note on Tuesday, April 5th. They issued a "buy" rating and a $11.00 price target on the stock. Susquehanna reduced their price objective on NU from $14.00 to $10.00 in a research note on Friday, May 13th. Susquehanna Bancshares reduced their price objective on NU from $14.00 to $10.00 in a research note on Friday, May 13th. Finally, New Street Research reduced their price objective on NU from $9.00 to $7.00 and set a "neutral" rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $10.60.

About NU (Get Rating)

Nu Holdings Ltd. operates as a digital financial services platform and technology company primarily in Brazil, Mexico, and Colombia. 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.

Featured Stories

• Get a free copy of the StockNews.com research report on NU (NU)
• MarketBeat: Week in Review 7/4 – 7/8
• AT&T (NYSE:T) Is Its Cheaper Valuation Worth A Buy?
• Levi Strauss Proves Resilient For Dividend Investors
• Altria Group (NYSE MO): A Contentious High-Yield Dividend Stock
• 3 Grocery Stocks That Can Help Take a Bite Out of Inflation

Receive News & Ratings for NU Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NU and related companies with MarketBeat.com's FREE daily email newsletter.