Fmr LLC Acquires 8,728,833 Shares of Nu Holdings Ltd. (NYSE:NU)

Fmr LLC boosted its stake in Nu Holdings Ltd. (NYSE:NU) by 16.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 61,801,891 shares of the company’s stock after acquiring an additional 8,728,833 shares during the period. Fmr LLC’s holdings in NU were worth $843,596,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NU. Massmutual Trust Co. FSB ADV lifted its position in shares of NU by 287.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after purchasing an additional 1,422 shares during the period. GAMMA Investing LLC grew its holdings in NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after acquiring an additional 815 shares during the period. Carolina Wealth Advisors LLC bought a new position in shares of NU in the 3rd quarter worth about $44,000. ORG Partners LLC acquired a new position in shares of NU in the 2nd quarter valued at about $54,000. Finally, Toth Financial Advisory Corp bought a new stake in shares of NU during the 3rd quarter valued at about $55,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

NU Stock Down 2.9 %

NU stock opened at $13.53 on Thursday. The firm has a market capitalization of $64.48 billion, a PE ratio of 37.58, a P/E/G ratio of 0.64 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. Nu Holdings Ltd. has a twelve month low of $8.04 and a twelve month high of $16.15. The stock’s 50 day moving average is $14.37 and its 200-day moving average is $13.34.

Analysts Set New Price Targets

A number of brokerages have weighed in on NU. The Goldman Sachs Group lifted their target price on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Bank of America lifted their price objective on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price on the stock. in a research note on Friday, August 2nd. Susquehanna lifted their price target on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Finally, KeyCorp boosted their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.21.

NU 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.