KBC Group NV Invests $2.09 Million in Nu Holdings Ltd. (NYSE:NU)

KBC Group NV bought a new stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 152,786 shares of the company's stock, valued at approximately $2,086,000.

Other large investors have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV raised its position in NU by 287.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company's stock worth $26,000 after purchasing an additional 1,422 shares in the last quarter. GAMMA Investing LLC raised its position in NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company's stock worth $29,000 after purchasing an additional 815 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new position in NU in the third quarter worth about $44,000. Toth Financial Advisory Corp acquired a new position in NU in the third quarter worth about $55,000. Finally, ORG Partners LLC acquired a new position in NU in the second quarter worth about $54,000. 80.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Barclays raised their price target on NU from $15.00 to $17.00 and gave the company an "overweight" rating in a report on Friday, August 16th. The Goldman Sachs Group lifted their price target on NU from $17.00 to $19.00 and gave the company a "buy" rating in a report on Thursday, November 14th. KeyCorp increased their price objective on shares of NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Bank of America boosted their target price on shares of NU from $12.80 to $15.00 and gave the stock a "neutral" rating in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. upped their target price on shares of NU from $14.50 to $15.00 and gave the stock a "neutral" rating in a research report on Monday, August 19th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $16.21.

NU Stock Down 1.4 %

NYSE NU traded down $0.20 on Tuesday, reaching $13.46. The company had a trading volume of 58,305,470 shares, compared to its average volume of 32,530,580. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. Nu Holdings Ltd. has a 1-year low of $8.04 and a 1-year high of $16.15. The firm has a market capitalization of $64.13 billion, a price-to-earnings ratio of 37.38, a price-to-earnings-growth ratio of 0.64 and a beta of 1.13. The company's fifty day moving average is $14.47 and its 200-day moving average is $13.27.

NU 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.