In Depth Partners LLC Invests $4.70 Million in Nu Holdings Ltd. (NYSE:NU)

In Depth Partners LLC purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 344,582 shares of the company’s stock, valued at approximately $4,704,000. NU comprises 4.9% of In Depth Partners LLC’s investment portfolio, making the stock its 10th biggest holding.

Several other institutional investors also recently bought and sold shares of NU. Baillie Gifford & Co. increased its holdings in shares of NU by 13.0% in the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock valued at $2,867,912,000 after purchasing an additional 24,140,416 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of NU by 7.1% in the 3rd quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock valued at $1,320,705,000 after purchasing an additional 6,435,526 shares in the last quarter. FMR LLC grew its stake in NU by 16.4% in the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company’s stock valued at $843,596,000 after acquiring an additional 8,728,833 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in NU by 10.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 19,976,979 shares of the company’s stock valued at $272,686,000 after acquiring an additional 1,828,143 shares during the last quarter. Finally, Sei Investments Co. grew its stake in NU by 23.0% in the 2nd quarter. Sei Investments Co. now owns 18,927,977 shares of the company’s stock valued at $243,982,000 after acquiring an additional 3,544,124 shares during the last quarter. 80.90% of the stock is owned by institutional investors and hedge funds.

NU Stock Down 0.3 %

Shares of NYSE NU traded down $0.04 during trading hours on Tuesday, hitting $11.96. The stock had a trading volume of 7,538,896 shares, compared to its average volume of 33,122,863. The company has a market capitalization of $57.00 billion, a P/E ratio of 33.33, a P/E/G ratio of 0.61 and a beta of 0.99. The firm’s 50-day moving average price is $14.28 and its two-hundred day moving average price is $13.37. Nu Holdings Ltd. has a 52 week low of $8.06 and a 52 week high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

Wall Street Analyst Weigh In

NU has been the topic of a number of research reports. Bank of America increased 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. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and cut their price target for the company from $14.60 to $11.00 in a report on Monday. JPMorgan Chase & Co. lifted their price objective on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Susquehanna lifted their price objective 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, Barclays lifted their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.63.

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.