Fmr LLC Buys 8,728,833 Shares of Nu Holdings Ltd. (NYSE:NU)

Fmr LLC increased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 16.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 61,801,891 shares of the company’s stock after buying an additional 8,728,833 shares during the period. Fmr LLC owned 1.30% of NU worth $843,596,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after acquiring an additional 815 shares during the period. Marcum Wealth LLC lifted 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 buying an additional 903 shares in the last quarter. Fortis Capital Management LLC lifted 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 buying an additional 1,072 shares in the last quarter. Americana Partners LLC grew its stake 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 acquiring an additional 1,115 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its stake 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 acquiring an additional 1,248 shares in the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a report on Friday, August 2nd. Susquehanna increased their price target on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Bank of America lifted their price objective on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. JPMorgan Chase & Co. raised their price target on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Finally, Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NU has a consensus rating of “Moderate Buy” and an average target price of $16.21.

NU Price Performance

Shares of NU opened at $13.53 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a market cap of $64.48 billion, a PE ratio of 37.58, a PEG ratio of 0.64 and a beta of 1.13. Nu Holdings Ltd. has a 12-month low of $8.04 and a 12-month high of $16.15. The business has a 50-day simple moving average of $14.37 and a two-hundred day simple moving average of $13.34.

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.