KBC Group NV Grows Stock Position in Nu Holdings Ltd. (NYSE:NU)

KBC Group NV grew its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 314.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 633,708 shares of the company's stock after purchasing an additional 480,922 shares during the quarter. KBC Group NV's holdings in NU were worth $6,565,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NU. AQR Capital Management LLC raised its holdings in NU by 19.5% in the 2nd quarter. AQR Capital Management LLC now owns 186,897 shares of the company's stock worth $2,409,000 after purchasing an additional 30,498 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of NU by 9.7% in the second quarter. The Manufacturers Life Insurance Company now owns 314,189 shares of the company's stock valued at $4,050,000 after buying an additional 27,662 shares in the last quarter. Creative Planning raised its stake in shares of NU by 1,937.0% during the 2nd quarter. Creative Planning now owns 418,624 shares of the company's stock worth $5,396,000 after buying an additional 398,073 shares during the period. NewEdge Advisors LLC purchased a new position in shares of NU during the 2nd quarter valued at approximately $2,148,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in NU in the 2nd quarter valued at $135,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Price Performance

Shares of NYSE:NU traded down $0.21 during midday trading on Friday, hitting $13.24. The company had a trading volume of 48,201,532 shares, compared to its average volume of 35,033,977. The business's 50-day simple moving average is $11.64 and its 200-day simple moving average is $13.12. The stock has a market cap of $63.08 billion, a price-to-earnings ratio of 36.76, a price-to-earnings-growth ratio of 0.45 and a beta of 1.05. 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 twelve month low of $8.58 and a twelve month high of $16.15.

Analyst Ratings Changes

A number of equities analysts have weighed in on NU shares. KeyCorp upped their price objective on shares of NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. Itau BBA Securities downgraded shares of NU from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 14th. Citigroup cut NU from a "neutral" rating to a "sell" rating and lowered their price objective for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. Susquehanna increased their target price on NU from $16.00 to $18.00 and gave the company a "positive" rating in a report on Thursday, November 14th. Finally, The Goldman Sachs Group lifted their price target on NU from $17.00 to $19.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $15.63.

NU Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.