Swiss National Bank Takes $91.86 Million Position in Nu Holdings Ltd. (NYSE:NU)

Swiss National Bank purchased a new stake in shares of Nu Holdings Ltd. (NYSE:NU) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 6,729,657 shares of the company’s stock, valued at approximately $91,860,000.

Other institutional investors have also added to or reduced their stakes in the company. Adero Partners LLC boosted its position in NU by 5.7% during 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 during the period. Aigen Investment Management LP purchased a new stake in NU during the 3rd quarter valued at $814,000. Principal Financial Group Inc. boosted its position in NU by 315.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company’s stock valued at $15,745,000 after buying an additional 876,039 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in NU by 1,074.6% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 131,136 shares of the company’s stock valued at $1,790,000 after buying an additional 119,972 shares during the period. Finally, Public Investment Fund boosted its position in NU by 223.1% during the 2nd quarter. Public Investment Fund now owns 3,802,480 shares of the company’s stock valued at $49,014,000 after buying an additional 2,625,500 shares during the period. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Stock Down 2.9 %

Shares of NU stock opened at $13.65 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.49. The company has a 50-day moving average of $14.47 and a 200 day moving average of $13.26. The firm has a market cap of $65.06 billion, a price-to-earnings ratio of 37.92, a PEG ratio of 0.64 and a beta of 1.13. Nu Holdings Ltd. has a 1 year low of $8.04 and a 1 year high of $16.15.

Analyst Ratings Changes

NU has been the subject of several analyst reports. Barclays increased their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a report on Friday, August 2nd. Susquehanna upped their price objective on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Finally, Bank of America upped their price objective on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.21.

About NU

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.