Baader Bank Aktiengesellschaft increased its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 19.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 355,332 shares of the company's stock after acquiring an additional 58,183 shares during the period. Baader Bank Aktiengesellschaft's holdings in NU were worth $3,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NU. State Street Corp raised its stake in shares of NU by 105.9% during the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company's stock valued at $1,076,509,000 after buying an additional 40,560,986 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of NU by 13.0% during the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company's stock valued at $2,867,912,000 after acquiring an additional 24,140,416 shares during the period. Geode Capital Management LLC grew its position in shares of NU by 104.3% during the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company's stock valued at $442,935,000 after acquiring an additional 16,638,397 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of NU by 458.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company's stock valued at $193,111,000 after acquiring an additional 11,613,191 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of NU by 122.3% during the 4th 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. Hedge funds and other institutional investors own 84.02% of the company's stock.
NU Stock Up 7.4 %
Shares of NU stock traded up $0.93 on Thursday, reaching $13.48. 42,004,562 shares of the stock were exchanged, compared to its average volume of 33,487,863. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The business's 50 day moving average price is $11.66 and its 200 day moving average price is $13.12. The company has a market capitalization of $64.23 billion, a price-to-earnings ratio of 37.43, a PEG ratio of 0.43 and a beta of 1.05. Nu Holdings Ltd. has a twelve month low of $8.58 and a twelve month high of $16.15.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. Citigroup cut NU from a "neutral" rating to a "sell" rating and lowered their price objective for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. Itau BBA Securities cut NU from an "outperform" rating to a "market perform" rating in a report on Thursday, November 14th. 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. Susquehanna boosted their target price on NU from $16.00 to $18.00 and gave the company a "positive" rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group boosted their target price on NU from $17.00 to $19.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $15.63.
Check Out Our Latest Report on NU
About NU
(
Free Report)
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.
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