Swiss National Bank Invests $91.86 Million in Nu Holdings Ltd. (NYSE:NU)

Swiss National Bank acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 6,729,657 shares of the company's stock, valued at approximately $91,860,000. Swiss National Bank owned 0.14% of NU as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NU. Baillie Gifford & Co. increased its holdings in NU by 13.0% during 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 period. Capital Research Global Investors increased its stake in shares of NU by 15.7% during the first quarter. Capital Research Global Investors now owns 202,618,338 shares of the company's stock valued at $2,417,237,000 after buying an additional 27,420,994 shares during the period. Whale Rock Capital Management LLC raised its holdings in shares of NU by 0.8% in the first quarter. Whale Rock Capital Management LLC now owns 25,004,827 shares of the company's stock valued at $298,308,000 after acquiring an additional 204,305 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in NU by 10.1% in 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 acquiring an additional 1,828,143 shares during the period. Finally, Sei Investments Co. grew its holdings in NU by 23.0% during the 2nd quarter. Sei Investments Co. now owns 18,927,977 shares of the company's stock worth $243,982,000 after acquiring an additional 3,544,124 shares in the last quarter. 80.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. 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 NU from a "buy" rating to a "neutral" rating and set a $13.50 target price on the stock. in a research report on Friday, August 2nd. The Goldman Sachs Group boosted their price target on NU from $17.00 to $19.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. KeyCorp raised their price objective on NU from $15.00 to $17.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Finally, Itau BBA Securities downgraded shares of NU from an "outperform" rating to a "market perform" rating in a report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $16.21.

NU Stock Performance

Shares of NU stock traded down $0.23 during midday trading on Tuesday, hitting $13.42. The company had a trading volume of 45,997,113 shares, compared to its average volume of 32,465,766. The stock has a market cap of $63.96 billion, a price-to-earnings ratio of 37.78, a PEG ratio of 0.64 and a beta of 1.13. Nu Holdings Ltd. has a 12-month low of $8.04 and a 12-month high of $16.15. 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 company has a fifty day simple moving average of $14.47 and a 200 day simple moving average of $13.26.

About NU

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.