Nu Holdings Ltd. (NYSE:NU) is Coronation Fund Managers Ltd.’s 5th Largest Position

Coronation Fund Managers Ltd. increased its holdings in Nu Holdings Ltd. (NYSE:NU) by 108.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,336,821 shares of the company’s stock after buying an additional 4,849,519 shares during the period. NU accounts for 5.7% of Coronation Fund Managers Ltd.’s investment portfolio, making the stock its 5th biggest position. Coronation Fund Managers Ltd. owned approximately 0.20% of NU worth $96,729,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Piscataqua Savings Bank increased its position in shares of NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after buying an additional 2,500 shares during the period. Carolina Wealth Advisors LLC bought a new stake in NU during the 3rd quarter worth approximately $44,000. Toth Financial Advisory Corp purchased a new stake in NU in the 3rd quarter worth approximately $55,000. GAMMA Investing LLC boosted its holdings in NU by 81.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock valued at $56,000 after purchasing an additional 1,855 shares during the period. Finally, Huntington National Bank grew its position in shares of NU by 86.3% during the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after purchasing an additional 2,131 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

NU Price Performance

NU stock opened at $13.75 on Monday. 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 firm has a market cap of $65.51 billion, a P/E ratio of 38.18, a P/E/G ratio of 0.49 and a beta of 1.10. The firm’s fifty day moving average is $11.64 and its 200 day moving average is $13.14. Nu Holdings Ltd. has a 52 week low of $9.44 and a 52 week high of $16.15.

About NU

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.