Nu Holdings Ltd. (NYSE:NU) Stake Raised by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 171.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,281,901 shares of the company’s stock after acquiring an additional 3,339,036 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in NU were worth $72,098,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Circle Wealth Management LLC grew its position in NU by 143.3% during the third quarter. Circle Wealth Management LLC now owns 104,068 shares of the company’s stock valued at $1,421,000 after purchasing an additional 61,288 shares in the last quarter. Fred Alger Management LLC grew its holdings in shares of NU by 56.8% during the 3rd quarter. Fred Alger Management LLC now owns 667,161 shares of the company’s stock valued at $9,107,000 after acquiring an additional 241,685 shares in the last quarter. Summit Partners Public Asset Management LLC increased its stake in shares of NU by 20.0% in the third quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock worth $4,095,000 after acquiring an additional 50,000 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of NU by 458.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock worth $193,111,000 after acquiring an additional 11,613,191 shares in the last quarter. Finally, Public Sector Pension Investment Board acquired a new stake in NU during the third quarter valued at $34,554,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

NU Trading Down 7.4 %

NU stock opened at $12.53 on Friday. The stock has a market cap of $59.72 billion, a price-to-earnings ratio of 34.81, a price-to-earnings-growth ratio of 0.61 and a beta of 1.13. The company has a fifty day moving average price of $14.28 and a two-hundred day moving average price of $13.35. Nu Holdings Ltd. has a one year low of $8.04 and a one year high of $16.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price target on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Bank of America boosted their target price 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. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. KeyCorp upped their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, The Goldman Sachs Group raised their target price on NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $16.21.

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.