Nu Holdings Ltd. (NYSE:NU) Shares Acquired by Accuvest Global Advisors

Accuvest Global Advisors grew its position in Nu Holdings Ltd. (NYSE:NU) by 25.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,414 shares of the company’s stock after purchasing an additional 6,730 shares during the period. NU makes up 0.5% of Accuvest Global Advisors’ holdings, making the stock its 16th largest position. Accuvest Global Advisors’ holdings in NU were worth $346,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NU. Baillie Gifford & Co. raised its position in NU by 7.1% during the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock valued at $2,330,786,000 after acquiring an additional 14,875,891 shares in the last quarter. Jennison Associates LLC raised its position in NU by 7.1% during the third quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock valued at $1,320,705,000 after acquiring an additional 6,435,526 shares in the last quarter. State Street Corp raised its position in NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after acquiring an additional 40,560,986 shares in the last quarter. FMR LLC raised its position in NU by 16.4% during the third 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 in the last quarter. Finally, Geode Capital Management LLC raised its position in NU by 104.3% during the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after acquiring an additional 16,638,397 shares in the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on NU shares. Susquehanna raised their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. UBS Group dropped their price objective on NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday. The Goldman Sachs Group raised their price objective on NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Citigroup lowered NU from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $14.60 to $11.00 in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $15.80.

NU Stock Performance

Shares of NU stock opened at $13.55 on Wednesday. Nu Holdings Ltd. has a one year low of $9.67 and a one year high of $16.15. The company has a market cap of $64.55 billion, a price-to-earnings ratio of 37.63, a PEG ratio of 0.49 and a beta of 1.10. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The business’s 50 day moving average price is $11.90 and its 200 day moving average price is $13.23.

NU Company Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.