Nwam LLC Takes $347,000 Position in Nu Holdings Ltd. (NYSE:NU)

Nwam LLC acquired a new stake in shares of Nu Holdings Ltd. (NYSE:NU) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 25,410 shares of the company’s stock, valued at approximately $347,000.

Other large investors have also made changes to their positions in the company. Adero Partners LLC boosted its stake in shares of NU by 5.7% during the third quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock valued at $65,784,000 after acquiring an additional 259,324 shares during the last quarter. Aigen Investment Management LP acquired a new stake in NU in the 3rd quarter worth about $814,000. Principal Financial Group Inc. boosted its stake in NU by 315.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company’s stock worth $15,745,000 after buying an additional 876,039 shares during the last quarter. Jennison Associates LLC boosted its stake in NU by 7.1% in the 3rd quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock worth $1,320,705,000 after buying an additional 6,435,526 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in NU by 1,074.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 131,136 shares of the company’s stock worth $1,790,000 after buying an additional 119,972 shares during the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. KeyCorp raised their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Susquehanna raised their price target on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. 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 note on Thursday, September 12th. Finally, The Goldman Sachs Group raised 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. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.21.

NU Stock Performance

NU stock opened at $13.91 on Monday. The stock’s 50-day moving average is $14.41 and its 200-day moving average is $13.30. The company has a market cap of $66.29 billion, a price-to-earnings ratio of 38.64, a price-to-earnings-growth ratio of 0.60 and a beta of 1.13. 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 12 month low of $8.04 and a 12 month high of $16.15.

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.