Jacobs Levy Equity Management Inc. Has $127.44 Million Stock Position in Nu Holdings Ltd. (NYSE:NU)

Jacobs Levy Equity Management Inc. grew its position in shares of Nu Holdings Ltd. (NYSE:NU) by 32.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,336,515 shares of the company’s stock after buying an additional 2,268,961 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in NU were worth $127,443,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV raised its position in NU by 287.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after purchasing an additional 1,422 shares in the last quarter. GAMMA Investing LLC raised its position in NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after purchasing an additional 815 shares during the period. Carolina Wealth Advisors LLC bought a new position in shares of NU during the third quarter valued at approximately $44,000. ORG Partners LLC purchased a new position in shares of NU in the second quarter worth $54,000. Finally, Toth Financial Advisory Corp acquired a new stake in NU during the third quarter valued at $55,000. Institutional investors own 80.90% of the company’s stock.

NU Price Performance

Shares of NYSE NU opened at $12.00 on Tuesday. The business has a 50-day moving average of $14.28 and a 200-day moving average of $13.37. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market capitalization of $57.19 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 0.61 and a beta of 0.99. Nu Holdings Ltd. has a fifty-two week low of $8.06 and a fifty-two week high of $16.15.

Wall Street Analysts Forecast Growth

NU has been the subject of a number of recent analyst reports. Bank of America lifted their price target on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. JPMorgan Chase & Co. upped their target price on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. KeyCorp increased 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. Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Finally, Barclays raised their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.63.

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.