Assenagon Asset Management S.A. Boosts Stake in Nu Holdings Ltd. (NYSE:NU)

Assenagon Asset Management S.A. increased its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 122.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,008,683 shares of the company's stock after buying an additional 8,806,495 shares during the period. Assenagon Asset Management S.A. owned 0.34% of NU worth $165,850,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. William Marsh Rice University purchased a new stake in shares of NU in the 4th quarter worth about $607,000. AdvisorNet Financial Inc boosted its stake in NU by 85.8% during the fourth quarter. AdvisorNet Financial Inc now owns 42,612 shares of the company's stock worth $441,000 after acquiring an additional 19,675 shares in the last quarter. Matrix Trust Co purchased a new stake in NU in the fourth quarter worth about $143,000. West Oak Capital LLC bought a new position in shares of NU during the fourth quarter valued at approximately $837,000. Finally, Graypoint LLC purchased a new position in shares of NU during the fourth quarter valued at approximately $6,775,000. 84.02% of the stock is owned by institutional investors.

NU Stock Performance

Shares of NYSE NU traded up $0.51 during midday trading on Wednesday, hitting $11.42. 29,361,103 shares of the stock traded hands, compared to its average volume of 27,357,328. The firm has a market capitalization of $54.43 billion, a P/E ratio of 31.72, a PEG ratio of 0.59 and a beta of 1.05. Nu Holdings Ltd. has a one year low of $8.51 and a one year high of $16.15. 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 50-day moving average of $12.28 and a two-hundred day moving average of $13.19.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Susquehanna raised their price objective on NU from $16.00 to $18.00 and gave the company a "positive" rating in a research report on Thursday, November 14th. KeyCorp raised their price target on NU from $15.00 to $17.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. The Goldman Sachs Group increased their price objective on shares of NU from $17.00 to $19.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Citigroup cut shares of NU from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. Finally, Itau BBA Securities downgraded shares of NU from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average 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.