CIBC Asset Management Inc Boosts Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

CIBC Asset Management Inc grew its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 47.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 147,810 shares of the company's stock after acquiring an additional 47,417 shares during the quarter. CIBC Asset Management Inc's holdings in NU were worth $2,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Hamilton Lane Advisors LLC increased its position in NU by 97.8% during the first quarter. Hamilton Lane Advisors LLC now owns 500,791 shares of the company's stock valued at $5,974,000 after acquiring an additional 247,642 shares during the last quarter. Avantax Advisory Services Inc. bought a new stake in NU in the first quarter worth about $130,000. Orion Portfolio Solutions LLC boosted its position in shares of NU by 161.5% during the first quarter. Orion Portfolio Solutions LLC now owns 109,810 shares of the company's stock valued at $1,310,000 after buying an additional 67,815 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of NU during the first quarter valued at approximately $7,490,000. Finally, Vanguard Group Inc. lifted its stake in shares of NU by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 9,593,217 shares of the company's stock worth $114,447,000 after acquiring an additional 343,114 shares during the last quarter. 80.90% of the stock is owned by hedge funds and other institutional investors.

NU Stock Down 1.1 %

Shares of NYSE NU traded down $0.15 during trading hours on Wednesday, hitting $13.31. 13,178,689 shares of the stock were exchanged, compared to its average volume of 32,445,063. Nu Holdings Ltd. has a 12 month low of $8.04 and a 12 month high of $16.15. The firm has a fifty day moving average price of $14.47 and a 200-day moving average price of $13.27. 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 company has a market cap of $63.43 billion, a PE ratio of 37.33, a PEG ratio of 0.64 and a beta of 1.13.

Analyst Upgrades and Downgrades

NU has been the subject of a number of recent analyst reports. The Goldman Sachs Group boosted their target price on shares of NU from $17.00 to $19.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Barclays raised their target price on shares of NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a research report on Friday, August 16th. Itau BBA Securities cut NU from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. lifted their target price on NU from $14.50 to $15.00 and gave the company a "neutral" rating in a research report on Monday, August 19th. Finally, KeyCorp increased their price target on NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $16.21.

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.