Barclays PLC lifted its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 55.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,005,022 shares of the company's stock after acquiring an additional 359,733 shares during the period. Barclays PLC's holdings in NU were worth $13,718,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in NU. State Street Corp lifted its stake in NU by 105.9% in the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company's stock worth $1,076,509,000 after acquiring an additional 40,560,986 shares in the last quarter. Baillie Gifford & Co. increased its holdings in shares of 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 purchasing an additional 24,140,416 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of 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 purchasing an additional 11,613,191 shares in the last quarter. FMR LLC boosted its holdings in shares of NU by 16.4% during the third quarter. FMR LLC now owns 61,801,891 shares of the company's stock worth $843,596,000 after purchasing an additional 8,728,833 shares during the period. Finally, American Century Companies Inc. grew its position in NU by 73.1% during the second quarter. American Century Companies Inc. now owns 17,237,693 shares of the company's stock valued at $222,194,000 after purchasing an additional 7,279,458 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company's stock.
NU Price Performance
Shares of NYSE NU traded down $0.21 during midday trading on Monday, reaching $11.73. 31,791,754 shares of the company traded hands, compared to its average volume of 33,335,152. Nu Holdings Ltd. has a 12 month low of $8.06 and a 12 month 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 stock's 50-day simple moving average is $13.87 and its 200-day simple moving average is $13.38. The firm has a market cap of $55.90 billion, a PE ratio of 32.58, a PEG ratio of 0.61 and a beta of 0.99.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on NU shares. Citigroup lowered NU from a "neutral" rating to a "sell" rating and reduced their price target for the company from $14.60 to $11.00 in a report on Monday, December 2nd. Susquehanna lifted their target price on shares of NU from $16.00 to $18.00 and gave the company a "positive" rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. increased their price target on shares of NU from $14.50 to $15.00 and gave the stock a "neutral" rating in a research note on Monday, August 19th. The Goldman Sachs Group upped their price objective on shares of NU from $17.00 to $19.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Finally, Itau BBA Securities cut shares of NU from an "outperform" rating to a "market perform" rating in a 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 given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $15.63.
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About NU
(
Free Report)
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.
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