Nwam LLC Buys Shares of 25,410 Nu Holdings Ltd. (NYSE:NU)

Nwam LLC bought a new stake in Nu Holdings Ltd. (NYSE:NU) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 25,410 shares of the company’s stock, valued at approximately $347,000.

Other institutional investors also recently bought and sold shares of the company. Baillie Gifford & Co. boosted its stake in shares of NU by 13.0% in the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock valued at $2,867,912,000 after buying an additional 24,140,416 shares during the period. American Century Companies Inc. boosted its stake in shares of NU by 73.1% in the 2nd quarter. American Century Companies Inc. now owns 17,237,693 shares of the company’s stock valued at $222,194,000 after buying an additional 7,279,458 shares during the period. Swiss National Bank purchased a new position in shares of NU in the 3rd quarter valued at about $91,860,000. Jennison Associates LLC boosted its stake in shares of NU by 7.1% in the 3rd quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock valued at $1,320,705,000 after buying an additional 6,435,526 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in NU by 83.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,839,210 shares of the company’s stock worth $188,905,000 after purchasing an additional 6,313,657 shares during the last quarter. 80.90% of the stock is owned by institutional investors and hedge funds.

NU Price Performance

Shares of NYSE NU opened at $13.91 on Monday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a twelve month low of $8.04 and a twelve month high of $16.15. The stock has a 50 day moving average of $14.41 and a two-hundred day moving average of $13.30. The stock has a market cap of $66.29 billion, a P/E ratio of 38.64, a P/E/G ratio of 0.60 and a beta of 1.13.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Barclays boosted their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. The Goldman Sachs Group boosted their target price on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. KeyCorp boosted their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, NU currently has an average rating of “Moderate Buy” and a consensus price target of $16.21.

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.