Daiwa Securities Group Inc. Takes Position in Nu Holdings Ltd. (NYSE:NU)

Daiwa Securities Group Inc. bought a new position in Nu Holdings Ltd. (NYSE:NU) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 412,170 shares of the company’s stock, valued at approximately $5,626,000.

A number of other large investors have also added to or reduced their stakes in NU. Thrivent Financial for Lutherans lifted its stake in shares of NU by 23.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock worth $3,517,000 after purchasing an additional 48,445 shares during the period. Adero Partners LLC increased its holdings in NU by 5.7% during the third quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock valued at $65,784,000 after buying an additional 259,324 shares during the last quarter. Aigen Investment Management LP bought a new position in NU in the third quarter worth approximately $814,000. Principal Financial Group Inc. boosted its stake in shares of NU by 315.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company’s stock worth $15,745,000 after acquiring an additional 876,039 shares during the last quarter. Finally, Jennison Associates LLC grew its position in shares of NU by 7.1% during the 3rd 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 during the period. Institutional investors own 80.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NU shares. The Goldman Sachs Group lifted their target price on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. lifted their price objective on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Susquehanna increased their target price on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. KeyCorp lifted their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, Bank of America increased their price objective on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, NU presently has an average rating of “Moderate Buy” and an average target price of $16.21.

NU Trading Down 2.1 %

NU stock opened at $13.94 on Wednesday. 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 firm’s 50 day moving average price is $14.40 and its 200-day moving average price is $13.32. Nu Holdings Ltd. has a 1 year low of $8.04 and a 1 year high of $16.15. The stock has a market cap of $66.41 billion, a P/E ratio of 38.71, a PEG ratio of 0.63 and a beta of 1.13.

NU 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.