Jupiter Asset Management Ltd. acquired a new position in Nu Holdings Ltd. (NYSE:NU – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,284 shares of the company’s stock, valued at approximately $97,000.
Other institutional investors also recently modified their holdings of the company. Baillie Gifford & Co. raised its position in NU by 9.4% in the first quarter. Baillie Gifford & Co. now owns 125,468,140 shares of the company’s stock worth $597,228,000 after purchasing an additional 10,819,286 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of NU by 31.6% during the 1st quarter. JPMorgan Chase & Co. now owns 72,973,414 shares of the company’s stock worth $347,353,000 after buying an additional 17,525,819 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in NU by 114.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 65,740,183 shares of the company’s stock valued at $267,563,000 after buying an additional 35,079,798 shares in the last quarter. Morgan Stanley grew its position in NU by 21.5% in the fourth quarter. Morgan Stanley now owns 61,315,907 shares of the company’s stock valued at $249,556,000 after acquiring an additional 10,863,281 shares during the period. Finally, Capital Research Global Investors raised its stake in NU by 10.1% during the first quarter. Capital Research Global Investors now owns 49,252,241 shares of the company’s stock worth $367,972,000 after acquiring an additional 4,519,651 shares in the last quarter. Institutional investors and hedge funds own 53.73% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on NU shares. Bank of America increased their target price on shares of NU from $8.30 to $8.50 in a research report on Tuesday, September 19th. UBS Group increased their price target on NU from $8.50 to $9.30 and gave the stock a “buy” rating in a research report on Monday, August 21st. New Street Research downgraded NU from a “buy” rating to a “neutral” rating and cut their price objective for the company from $8.25 to $8.10 in a research report on Thursday, October 5th. Redburn Atlantic assumed coverage on NU in a report on Wednesday, October 18th. They set an “overweight” rating and a $11.00 target price on the stock. Finally, KeyCorp lifted their price target on NU from $9.00 to $10.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NU has an average rating of “Moderate Buy” and an average target price of $8.80.
NU Trading Up 1.0 %
NYSE NU opened at $8.15 on Tuesday. The company has a current ratio of 0.31, a quick ratio of 0.47 and a debt-to-equity ratio of 0.18. Nu Holdings Ltd. has a 12 month low of $3.39 and a 12 month high of $8.87. The company has a market capitalization of $38.26 billion, a PE ratio of 101.88 and a beta of 1.08. The stock has a 50-day simple moving average of $7.74 and a 200 day simple moving average of $7.45.
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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