Assenagon Asset Management S.A. Has $165.85 Million Holdings in Nu Holdings Ltd. (NYSE:NU)

Assenagon Asset Management S.A. increased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 122.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,008,683 shares of the company’s stock after acquiring an additional 8,806,495 shares during the period. Assenagon Asset Management S.A. owned about 0.34% of NU worth $165,850,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NU. BOKF NA lifted its holdings in shares of NU by 7,807.6% in the second quarter. BOKF NA now owns 25,067 shares of the company’s stock valued at $323,000 after purchasing an additional 24,750 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in NU by 22.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 20,394 shares of the company’s stock valued at $263,000 after buying an additional 3,784 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in NU by 7.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,216,693 shares of the company’s stock valued at $54,353,000 after acquiring an additional 280,397 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new position in NU during the 2nd quarter worth approximately $875,000. Finally, Virtu Financial LLC bought a new position in shares of NU during the 2nd quarter worth approximately $1,513,000. 84.02% of the stock is owned by institutional investors.

NU Stock Performance

Shares of NYSE NU opened at $10.92 on Wednesday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $52.04 billion, a P/E ratio of 30.33, a P/E/G ratio of 0.59 and a beta of 1.05. Nu Holdings Ltd. has a 12 month low of $8.51 and a 12 month high of $16.15. The stock has a 50 day moving average of $12.28 and a 200-day moving average of $13.19.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NU. The Goldman Sachs Group increased their target price on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Susquehanna increased their price objective on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. KeyCorp lifted 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. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Finally, Citigroup lowered NU from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, NU presently has an average rating of “Hold” and a consensus target price 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.