Geode Capital Management LLC Buys 16,638,397 Shares of Nu Holdings Ltd. (NYSE:NU)

Geode Capital Management LLC raised its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 104.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 32,597,803 shares of the company's stock after acquiring an additional 16,638,397 shares during the quarter. Geode Capital Management LLC owned approximately 0.68% of NU worth $442,935,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. M&T Bank Corp raised its position in shares of NU by 4.2% during the third quarter. M&T Bank Corp now owns 417,467 shares of the company's stock worth $5,698,000 after acquiring an additional 16,812 shares during the last quarter. Adalta Capital Management LLC raised its holdings in NU by 11.7% during the 3rd quarter. Adalta Capital Management LLC now owns 83,550 shares of the company's stock worth $1,140,000 after purchasing an additional 8,725 shares during the last quarter. Barclays PLC lifted its position in shares of NU by 55.7% in the 3rd quarter. Barclays PLC now owns 1,005,022 shares of the company's stock worth $13,718,000 after purchasing an additional 359,733 shares during the period. LRI Investments LLC boosted its stake in shares of NU by 3.1% in the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company's stock valued at $341,000 after purchasing an additional 743 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of NU during the third quarter worth $69,022,000. Institutional investors own 84.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. 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 report on Thursday, November 14th. Citigroup downgraded NU from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. KeyCorp raised their target price on NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. boosted their price target on NU from $14.50 to $15.00 and gave the company a "neutral" rating in a research note on Monday, August 19th. Finally, Susquehanna raised their price objective on shares of NU from $16.00 to $18.00 and gave the stock a "positive" 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 issued a buy rating to the company's stock. According to MarketBeat, NU has a consensus rating of "Hold" and an average price target of $15.63.

NU Stock Down 0.4 %

Shares of NU traded down $0.05 during trading hours on Friday, reaching $11.94. The stock had a trading volume of 21,831,981 shares, compared to its average volume of 33,341,652. The company has a market capitalization of $56.91 billion, a price-to-earnings ratio of 33.17, a P/E/G ratio of 0.61 and a beta of 0.99. The firm has a 50-day simple moving average of $13.90 and a 200 day simple moving average of $13.37. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 12 month low of $8.06 and a 12 month high of $16.15.

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.