Baillie Gifford & Co. Purchases 14,875,891 Shares of Nu Holdings Ltd. (NYSE:NU)

Baillie Gifford & Co. boosted its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 224,979,342 shares of the company's stock after acquiring an additional 14,875,891 shares during the period. NU accounts for about 1.8% of Baillie Gifford & Co.'s holdings, making the stock its 16th biggest position. Baillie Gifford & Co. owned about 4.72% of NU worth $2,330,786,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC bought a new position in NU during the third quarter worth about $98,704,000. Thrivent Financial for Lutherans boosted its position in NU by 23.2% during the third quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company's stock worth $3,517,000 after purchasing an additional 48,445 shares during the period. Adero Partners LLC boosted its position in NU by 5.7% during the third quarter. Adero Partners LLC now owns 4,819,355 shares of the company's stock worth $65,784,000 after purchasing an additional 259,324 shares during the period. Summit Partners Public Asset Management LLC boosted its position in NU by 20.0% during the third quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company's stock worth $4,095,000 after purchasing an additional 50,000 shares during the period. Finally, Baader Bank Aktiengesellschaft boosted its position in NU by 19.6% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company's stock worth $3,680,000 after purchasing an additional 58,183 shares during the period. Institutional investors own 84.02% of the company's stock.

NU Price Performance

Shares of NU stock traded down $0.02 during trading on Wednesday, hitting $13.52. 20,972,293 shares of the stock traded hands, compared to its average volume of 34,744,363. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a market cap of $64.44 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 0.49 and a beta of 1.10. The firm's fifty day moving average is $11.90 and its 200-day moving average is $13.23. Nu Holdings Ltd. has a 52 week low of $9.67 and a 52 week high of $16.15.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. UBS Group decreased their price target on NU from $15.50 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday. KeyCorp upped their price target on 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 cut NU from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 14th. Susquehanna upped 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. Finally, The Goldman Sachs Group upped their price target on NU from $17.00 to $19.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $15.80.

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.