Circle Wealth Management LLC Acquires 61,288 Shares of Nu Holdings Ltd. (NYSE:NU)

Circle Wealth Management LLC boosted its holdings in Nu Holdings Ltd. (NYSE:NU) by 143.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,068 shares of the company’s stock after buying an additional 61,288 shares during the quarter. Circle Wealth Management LLC’s holdings in NU were worth $1,421,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NU. Massmutual Trust Co. FSB ADV raised its holdings in NU by 287.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after buying an additional 1,422 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after acquiring an additional 815 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new position in shares of NU during the third quarter worth $44,000. ORG Partners LLC bought a new stake in shares of NU in the second quarter worth $54,000. Finally, Toth Financial Advisory Corp acquired a new stake in NU in the third quarter valued at $55,000. Institutional investors own 80.90% of the company’s stock.

NU Trading Down 7.3 %

NYSE:NU opened at $12.54 on Friday. Nu Holdings Ltd. has a 52 week low of $8.04 and a 52 week high of $16.15. The firm has a 50-day moving average price of $14.32 and a two-hundred day moving average price of $13.34. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a market cap of $59.76 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13.

Wall Street Analyst Weigh In

NU has been the topic of a number of analyst reports. Bank of America upped their price target on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Susquehanna lifted their price objective on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Barclays raised their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Finally, UBS Group lowered NU from a “buy” rating to a “neutral” rating and set a $13.50 price target on the stock. in a research note on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and an average price target of $16.21.

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.