Franklin Resources Inc. Purchases 271,903 Shares of Nu Holdings Ltd. (NYSE:NU)

Franklin Resources Inc. increased its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 5.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,060,504 shares of the company's stock after purchasing an additional 271,903 shares during the quarter. Franklin Resources Inc. owned approximately 0.11% of NU worth $74,288,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State Street Corp grew 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 valued at $1,076,509,000 after buying an additional 40,560,986 shares during the last quarter. Baillie Gifford & Co. grew its holdings 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 worth $2,867,912,000 after purchasing an additional 24,140,416 shares in the last quarter. Geode Capital Management LLC grew its stake in NU by 104.3% during the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company's stock worth $442,935,000 after buying an additional 16,638,397 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 worth $193,111,000 after acquiring an additional 11,613,191 shares in the last quarter. Finally, FMR LLC lifted its position in shares of NU by 16.4% during the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company's stock worth $843,596,000 after buying an additional 8,728,833 shares during the last quarter. Institutional investors own 84.02% of the company's stock.

NU Stock Down 0.3 %

Shares of NYSE NU traded down $0.04 during trading on Tuesday, hitting $11.70. The stock had a trading volume of 52,751,270 shares, compared to its average volume of 33,415,270. The firm has a fifty day moving average of $13.87 and a two-hundred day moving average of $13.38. The company has a market capitalization of $55.76 billion, a PE ratio of 32.50, a PEG ratio of 0.59 and a beta of 0.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. Nu Holdings Ltd. has a 12 month low of $8.06 and a 12 month high of $16.15.

Analyst Ratings Changes

NU has been the topic of a number of research reports. Citigroup lowered NU from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. JPMorgan Chase & Co. boosted their price target on NU from $14.50 to $15.00 and gave the stock a "neutral" rating in a report on Monday, August 19th. The Goldman Sachs Group raised their price target 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. Bank of America lifted their target price on NU from $12.80 to $15.00 and gave the stock a "neutral" rating in a report on Thursday, September 12th. Finally, Susquehanna increased their price target on NU from $16.00 to $18.00 and gave the company a "positive" rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $15.63.

NU Company Profile

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.