Handelsbanken Fonder AB Buys 859,017 Shares of Nu Holdings Ltd. (NYSE:NU)

Handelsbanken Fonder AB grew its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 1,774.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 907,417 shares of the company's stock after purchasing an additional 859,017 shares during the quarter. Handelsbanken Fonder AB's holdings in NU were worth $12,386,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in NU. Massmutual Trust Co. FSB ADV increased its position in NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company's stock worth $26,000 after buying an additional 1,422 shares during the period. GAMMA Investing LLC boosted its holdings in NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company's stock valued at $29,000 after purchasing an additional 815 shares during the period. ORG Partners LLC bought a new stake in NU in the 2nd quarter valued at about $54,000. Opal Wealth Advisors LLC acquired a new position in shares of NU during the 2nd quarter worth approximately $88,000. Finally, LRI Investments LLC bought a new position in shares of NU during the first quarter worth approximately $91,000. Institutional investors own 80.90% of the company's stock.

Wall Street Analyst Weigh In

NU has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on NU from $14.50 to $15.00 and gave the stock a "neutral" rating in a research report on Monday, August 19th. Bank of America raised their price target on 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. Susquehanna reissued a "positive" rating and issued a $16.00 target price on shares of NU in a report on Thursday, August 15th. Finally, Barclays upped their price target on shares of NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a report on Friday, August 16th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, NU currently has an average rating of "Moderate Buy" and an average price target of $14.74.

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NU Trading Down 0.6 %

NYSE NU traded down $0.09 during trading hours on Monday, reaching $13.15. The company's stock had a trading volume of 21,052,889 shares, compared to its average volume of 33,001,148. Nu Holdings Ltd. has a 52 week low of $7.20 and a 52 week high of $15.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.49 and a quick ratio of 0.49. The stock has a market cap of $62.65 billion, a P/E ratio of 50.58, a P/E/G ratio of 0.67 and a beta of 1.15. The firm has a fifty day simple moving average of $13.66 and a 200-day simple moving average of $12.56.

NU (NYSE:NU - Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same quarter in the previous year, the business earned $0.05 earnings per share. Equities analysts forecast that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

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.