Jacobs Levy Equity Management Inc. Buys 2,268,961 Shares of Nu Holdings Ltd. (NYSE:NU)

Jacobs Levy Equity Management Inc. increased its stake in Nu Holdings Ltd. (NYSE:NU) by 32.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,336,515 shares of the company’s stock after purchasing an additional 2,268,961 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.20% of NU worth $127,443,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Baillie Gifford & Co. boosted its stake in NU by 13.0% in the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock valued at $2,867,912,000 after acquiring an additional 24,140,416 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in NU by 458.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock worth $193,111,000 after purchasing an additional 11,613,191 shares during the last quarter. FMR LLC lifted its stake in NU by 16.4% in the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after acquiring an additional 8,728,833 shares during the period. American Century Companies Inc. raised its position 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 purchasing an additional 7,279,458 shares during the last quarter. Finally, Fisher Asset Management LLC purchased a new position in NU in the 3rd quarter valued at $98,704,000. 80.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NU shares. Barclays increased their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. KeyCorp boosted their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and decreased their target price for the company from $14.60 to $11.00 in a research note on Monday. Finally, Susquehanna increased their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NU has an average rating of “Hold” and a consensus price target of $15.63.

NU Price Performance

Shares of NU opened at $12.00 on Tuesday. 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 fifty day moving average price of $14.28 and a 200 day moving average price of $13.37. Nu Holdings Ltd. has a 1-year low of $8.06 and a 1-year high of $16.15. The stock has a market cap of $57.19 billion, a PE ratio of 33.33, a price-to-earnings-growth ratio of 0.61 and a beta of 0.99.

About NU

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.