UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stake in Nu Holdings Ltd. (NYSE:NU)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 458.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 14,147,349 shares of the company’s stock after acquiring an additional 11,613,191 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in NU were worth $193,111,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in NU. GAMMA Investing LLC lifted its stake in shares of NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after buying an additional 815 shares during the period. Marcum Wealth LLC boosted its holdings in shares of NU by 2.5% during the third quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock worth $508,000 after purchasing an additional 903 shares during the last quarter. Fortis Capital Management LLC boosted its holdings in shares of NU by 6.6% during the second quarter. Fortis Capital Management LLC now owns 17,330 shares of the company’s stock worth $223,000 after purchasing an additional 1,072 shares during the last quarter. Americana Partners LLC grew its position in shares of NU by 7.8% in the second quarter. Americana Partners LLC now owns 15,449 shares of the company’s stock valued at $199,000 after purchasing an additional 1,115 shares during the period. Finally, OneDigital Investment Advisors LLC grew its position in shares of NU by 4.9% in the third quarter. OneDigital Investment Advisors LLC now owns 26,477 shares of the company’s stock valued at $361,000 after purchasing an additional 1,248 shares during the period. 80.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on NU shares. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Bank of America upped their price target on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. KeyCorp lifted their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Susquehanna upped their price objective on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Finally, Barclays lifted their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Four equities 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.21.

NU Trading Down 7.4 %

NYSE:NU opened at $12.53 on Friday. Nu Holdings Ltd. has a 12 month low of $8.04 and a 12 month high of $16.15. The business’s 50-day moving average is $14.28 and its two-hundred day moving average is $13.35. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a market capitalization of $59.72 billion, a PE ratio of 34.81, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13.

NU Company Profile

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.