Nu Holdings Ltd. (NYSE:NU) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its stake in Nu Holdings Ltd. (NYSE:NU) by 222.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,202,188 shares of the company’s stock after acquiring an additional 4,969,101 shares during the period. Assenagon Asset Management S.A.’s holdings in NU were worth $98,310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in NU. Baillie Gifford & Co. boosted its holdings in NU by 47.6% during the first quarter. Baillie Gifford & Co. now owns 169,450,124 shares of the company’s stock worth $2,021,540,000 after buying an additional 54,681,625 shares in the last quarter. Capital Research Global Investors boosted its holdings in NU by 15.7% during the first quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock worth $2,417,237,000 after buying an additional 27,420,994 shares in the last quarter. Jennison Associates LLC boosted its holdings in NU by 32.4% during the first quarter. Jennison Associates LLC now owns 87,155,886 shares of the company’s stock worth $1,039,770,000 after buying an additional 21,342,814 shares in the last quarter. American Century Companies Inc. boosted its holdings in NU by 73.1% during the second quarter. American Century Companies Inc. now owns 17,237,693 shares of the company’s stock worth $222,194,000 after buying an additional 7,279,458 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its holdings in NU by 216.4% during the first quarter. 1832 Asset Management L.P. now owns 8,028,600 shares of the company’s stock worth $95,781,000 after buying an additional 5,490,800 shares in the last quarter. 80.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on NU shares. The Goldman Sachs Group upped their price target on shares of NU from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Barclays upped 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. UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price target for the company. in a research report on Friday, August 2nd. Bank of America upped their price target on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Finally, Susquehanna restated a “positive” rating and issued a $16.00 price target on shares of NU in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, NU has an average rating of “Moderate Buy” and a consensus target price of $15.21.

NU Stock Up 1.4 %

NU stock traded up $0.21 during midday trading on Thursday, reaching $14.96. The company had a trading volume of 7,440,883 shares, compared to its average volume of 32,152,516. Nu Holdings Ltd. has a 1 year low of $7.74 and a 1 year high of $15.16. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $71.30 billion, a P/E ratio of 57.62, a PEG ratio of 0.67 and a beta of 1.15. The company has a 50 day moving average of $14.22 and a two-hundred day moving average of $12.74.

NU (NYSE:NU) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.90 billion. NU had a net margin of 15.11% and a return on equity of 27.00%. During the same quarter last year, the firm earned $0.05 EPS. On average, equities research analysts expect that Nu Holdings Ltd. will post 0.41 earnings per share for the current fiscal year.

NU 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.