Thrivent Financial for Lutherans Has $3.52 Million Position in Nu Holdings Ltd. (NYSE:NU)

Thrivent Financial for Lutherans lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 23.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 257,648 shares of the company's stock after acquiring an additional 48,445 shares during the period. Thrivent Financial for Lutherans' holdings in NU were worth $3,517,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Baillie Gifford & Co. grew its holdings in shares of NU by 13.0% in 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 during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in NU by 10.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 19,976,979 shares of the company's stock worth $272,686,000 after buying an additional 1,828,143 shares during the last quarter. Sei Investments Co. increased its holdings in shares of NU by 23.0% during the second quarter. Sei Investments Co. now owns 18,927,977 shares of the company's stock worth $243,982,000 after buying an additional 3,544,124 shares in the last quarter. American Century Companies Inc. raised its stake in shares of NU by 73.1% in the second quarter. American Century Companies Inc. now owns 17,237,693 shares of the company's stock valued at $222,194,000 after acquiring an additional 7,279,458 shares during the last quarter. Finally, D1 Capital Partners L.P. grew its position in NU by 13.0% during the 2nd quarter. D1 Capital Partners L.P. now owns 14,605,159 shares of the company's stock worth $188,260,000 after acquiring an additional 1,681,220 shares during the last quarter. Institutional investors own 80.90% of the company's stock.

Analysts Set New Price Targets

NU has been the subject of several research analyst reports. Barclays lifted their price objective on NU from $15.00 to $17.00 and gave the company an "overweight" rating in a research report on Friday, August 16th. Bank of America upped their price target on shares of NU from $12.80 to $15.00 and gave the stock a "neutral" rating in a research report on Thursday, September 12th. UBS Group cut shares of NU from a "buy" rating to a "neutral" rating and set a $13.50 price objective for the company. in a research report on Friday, August 2nd. JPMorgan Chase & Co. boosted their target price on shares of NU from $14.50 to $15.00 and gave the stock a "neutral" rating in a research note on Monday, August 19th. Finally, Itau BBA Securities cut shares of NU from an "outperform" rating to a "market perform" rating in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $16.21.

NU Trading Down 1.8 %

NYSE NU traded down $0.25 during trading hours on Tuesday, hitting $13.98. The company's stock had a trading volume of 24,714,430 shares, compared to its average volume of 32,821,520. Nu Holdings Ltd. has a twelve month low of $8.04 and a twelve month high of $16.15. The firm has a market capitalization of $66.63 billion, a P/E ratio of 39.97, a PEG ratio of 0.63 and a beta of 1.13. 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 stock has a fifty day moving average of $14.40 and a 200 day moving average of $13.32.

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.