Mount Lucas Management LP Makes New Investment in Nu Holdings Ltd. (NYSE:NU)

Mount Lucas Management LP acquired a new stake in Nu Holdings Ltd. (NYSE:NU) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 35,000 shares of the company’s stock, valued at approximately $478,000.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position in shares of NU by 179.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,841 shares of the company’s stock worth $105,000 after acquiring an additional 5,672 shares in the last quarter. Hamilton Lane Advisors LLC raised its holdings in NU by 97.8% during the first quarter. Hamilton Lane Advisors LLC now owns 500,791 shares of the company’s stock worth $5,974,000 after purchasing an additional 247,642 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of NU during the 1st quarter worth approximately $133,000. Avantax Advisory Services Inc. acquired a new position in shares of NU in the 1st quarter valued at $130,000. Finally, Bleakley Financial Group LLC purchased a new position in shares of NU in the 1st quarter valued at $152,000. 80.90% of the stock is owned by hedge funds and other institutional investors.

NU Stock Performance

NYSE:NU opened at $14.06 on Monday. The firm has a market cap of $67.01 billion, a price-to-earnings ratio of 39.06, a price-to-earnings-growth ratio of 0.64 and a beta of 1.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.49. Nu Holdings Ltd. has a 1-year low of $7.74 and a 1-year high of $16.15. The firm’s fifty day moving average price is $14.48 and its 200 day moving average price is $13.24.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. KeyCorp boosted their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday. Susquehanna upped their target price on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday. The Goldman Sachs Group lifted their price target on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. increased their price objective on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Finally, Barclays lifted their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.21.

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.