Nu Holdings Ltd. (NYSE:NU) Shares Bought by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. lifted its position in shares of Nu Holdings Ltd. (NYSE:NU) by 8.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 311,979 shares of the company’s stock after purchasing an additional 23,755 shares during the period. Triasima Portfolio Management inc.’s holdings in NU were worth $3,232,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NU. State Street Corp boosted its position in NU by 105.9% during the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after purchasing an additional 40,560,986 shares during the period. Baillie Gifford & Co. lifted its position in shares of NU by 13.0% during the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after purchasing an additional 24,140,416 shares during the last quarter. Geode Capital Management LLC raised its stake in NU by 104.3% during the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after acquiring an additional 16,638,397 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in NU by 458.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock worth $193,111,000 after buying an additional 11,613,191 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in NU by 122.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company’s stock worth $165,850,000 after buying an additional 8,806,495 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. The Goldman Sachs Group raised their price objective on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Susquehanna raised their price objective on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. Finally, KeyCorp raised their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, NU presently has a consensus rating of “Hold” and a consensus price target of $15.63.

NU Trading Up 1.4 %

Shares of NU stock opened at $13.75 on Friday. Nu Holdings Ltd. has a 12-month low of $9.34 and a 12-month high of $16.15. The company has a market capitalization of $65.54 billion, a P/E ratio of 38.20, a P/E/G ratio of 0.47 and a beta of 1.10. The firm has a 50-day moving average price of $11.61 and a 200 day moving average price of $13.12. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

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.