Nu Holdings Ltd. (NYSE:NU) Position Raised by KBC Group NV

KBC Group NV lifted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 314.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 633,708 shares of the company’s stock after acquiring an additional 480,922 shares during the period. KBC Group NV’s holdings in NU were worth $6,565,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Fisher Asset Management LLC acquired a new position in NU during the 3rd quarter worth $98,704,000. Thrivent Financial for Lutherans lifted its holdings in NU by 23.2% in the third 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 grew its position in NU by 5.7% in the 3rd 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 in the last quarter. Summit Partners Public Asset Management LLC boosted its holdings in shares of NU by 20.0% in the third quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock valued at $4,095,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Royal London Asset Management Ltd. increased its stake in shares of NU by 6.2% during the third quarter. Royal London Asset Management Ltd. now owns 1,305,453 shares of the company’s stock valued at $17,819,000 after acquiring an additional 76,009 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NU shares. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and cut their price target for the company from $14.60 to $11.00 in a report on Monday, December 2nd. Susquehanna increased their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. KeyCorp lifted their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. The Goldman Sachs Group increased their price target on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.63.

NU Trading Up 7.1 %

Shares of NYSE NU opened at $13.44 on Friday. The firm has a market capitalization of $64.03 billion, a PE ratio of 37.32, a PEG ratio of 0.43 and a beta of 1.05. Nu Holdings Ltd. has a one year low of $8.58 and a one year high of $16.15. 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 business has a 50-day moving average price of $11.66 and a two-hundred day moving average price of $13.12.

NU 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.