Schwartz Investment Counsel Inc. Purchases 46,200 Shares of Nu Holdings Ltd. (NYSE:NU)

Schwartz Investment Counsel Inc. increased its position in shares of Nu Holdings Ltd. (NYSE:NU) by 36.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 174,500 shares of the company’s stock after buying an additional 46,200 shares during the period. Schwartz Investment Counsel Inc.’s holdings in NU were worth $1,808,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its holdings in shares of NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after purchasing an additional 40,560,986 shares during the period. Baillie Gifford & Co. increased its position in NU by 13.0% in the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock valued at $2,867,912,000 after buying an additional 24,140,416 shares in the last quarter. Geode Capital Management LLC raised its stake in NU by 104.3% during the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after buying an additional 16,638,397 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in NU by 458.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock worth $193,111,000 after acquiring an additional 11,613,191 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in NU by 122.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company’s stock valued at $165,850,000 after acquiring an additional 8,806,495 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Performance

Shares of NU stock opened at $13.92 on Wednesday. The firm’s 50-day simple moving average is $11.72 and its two-hundred day simple moving average is $13.16. 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 52 week low of $9.54 and a 52 week high of $16.15. The firm has a market cap of $66.36 billion, a price-to-earnings ratio of 38.68, a P/E/G ratio of 0.49 and a beta of 1.10.

Analyst Ratings Changes

NU has been the subject of several research reports. KeyCorp lifted 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, November 14th. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and dropped their price target for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. The Goldman Sachs Group lifted their price target on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Susquehanna increased their price target on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, NU currently has a consensus rating of “Hold” and an average target price of $15.63.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.