Handelsbanken Fonder AB boosted its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 1,774.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 907,417 shares of the company's stock after buying an additional 859,017 shares during the quarter. Handelsbanken Fonder AB's holdings in NU were worth $12,386,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the stock. Steward Partners Investment Advisory LLC lifted its position in shares of NU by 10.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 30,500 shares of the company's stock valued at $254,000 after purchasing an additional 3,000 shares in the last quarter. Royal London Asset Management Ltd. increased its stake in NU by 13.7% in the 4th quarter. Royal London Asset Management Ltd. now owns 830,595 shares of the company's stock valued at $6,919,000 after buying an additional 100,320 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of NU by 5.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 151,484 shares of the company's stock worth $1,262,000 after buying an additional 7,538 shares in the last quarter. Verition Fund Management LLC boosted its stake in shares of NU by 11.9% in the 4th quarter. Verition Fund Management LLC now owns 2,261,129 shares of the company's stock worth $18,835,000 after buying an additional 240,129 shares during the last quarter. Finally, Nixon Capital LLC purchased a new position in shares of NU in the 4th quarter worth approximately $2,582,000. 80.90% of the stock is currently owned by institutional investors.
NU has been the subject of a number of recent analyst reports. Barclays upped their price objective on NU from $15.00 to $17.00 and gave the company an "overweight" rating in a research note on Friday, August 16th. Susquehanna restated a "positive" rating and set a $16.00 price objective on shares of NU in a report on Thursday, August 15th. Jefferies Financial Group boosted their target price on shares of NU from $10.80 to $15.20 and gave the company a "buy" rating in a research note on Monday, June 24th. JPMorgan Chase & Co. raised their price target on shares of NU from $14.50 to $15.00 and gave the stock a "neutral" rating in a research note on Monday, August 19th. Finally, UBS Group downgraded NU from a "buy" rating to a "neutral" rating and set a $13.50 price objective on the stock. in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $14.74.
View Our Latest Report on NU
NYSE:NU opened at $13.23 on Monday. The company has a 50-day moving average price of $13.66 and a 200-day moving average price of $12.55. The stock has a market cap of $63.05 billion, a price-to-earnings ratio of 50.88, a P/E/G ratio of 0.67 and a beta of 1.15. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Nu Holdings Ltd. has a 12 month low of $6.96 and a 12 month high of $15.16.
NU (NYSE:NU - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same quarter in the prior year, the company earned $0.05 earnings per share. Equities analysts predict that Nu Holdings Ltd. will post 0.41 EPS for the current year.
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.
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