Nu Holdings Ltd. (NYSE:NU) Shares Purchased by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 324.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 860,520 shares of the company’s stock after acquiring an additional 657,969 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in NU were worth $11,746,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NU. Massmutual Trust Co. FSB ADV raised its holdings in NU by 287.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after acquiring an additional 1,422 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after purchasing an additional 815 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of NU during the third quarter worth about $44,000. ORG Partners LLC acquired a new position in NU in the second quarter worth about $54,000. Finally, Toth Financial Advisory Corp bought a new stake in NU in the third quarter valued at about $55,000. 80.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NU. Barclays lifted their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Bank of America boosted their target price on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. The Goldman Sachs Group lifted their price target on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Finally, UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a research note on Friday, August 2nd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.21.

NU Trading Up 3.8 %

NU stock opened at $13.91 on Friday. The firm has a 50-day moving average price of $14.41 and a two-hundred day moving average price of $13.29. Nu Holdings Ltd. has a 52-week low of $8.04 and a 52-week high of $16.15. The firm has a market capitalization of $66.29 billion, a price-to-earnings ratio of 38.64, a PEG ratio of 0.60 and a beta of 1.13. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

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.