Asset Management One Co. Ltd. Buys 66,788 Shares of Nu Holdings Ltd. (NYSE:NU)

Asset Management One Co. Ltd. raised its stake in Nu Holdings Ltd. (NYSE:NU) by 18.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 436,098 shares of the company’s stock after purchasing an additional 66,788 shares during the period. Asset Management One Co. Ltd.’s holdings in NU were worth $4,505,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning increased its position in shares of NU by 102.0% during the third quarter. Creative Planning now owns 845,637 shares of the company’s stock worth $11,543,000 after acquiring an additional 427,013 shares in the last quarter. Bleakley Financial Group LLC grew its position in NU by 58.8% in the 3rd quarter. Bleakley Financial Group LLC now owns 18,057 shares of the company’s stock worth $246,000 after purchasing an additional 6,688 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in NU by 1,074.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 131,136 shares of the company’s stock worth $1,790,000 after purchasing an additional 119,972 shares in the last quarter. Toth Financial Advisory Corp bought a new stake in NU in the 3rd quarter worth about $55,000. Finally, Whittier Trust Co. grew its position in NU by 23.1% in the 3rd quarter. Whittier Trust Co. now owns 80,796 shares of the company’s stock worth $1,103,000 after purchasing an additional 15,178 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NU. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Susquehanna upped their price objective on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. UBS Group dropped their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, The Goldman Sachs Group boosted their target price on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $15.80.

NU Stock Performance

Shares of NU stock opened at $13.55 on Wednesday. The stock has a market capitalization of $64.55 billion, a P/E ratio of 37.63, a PEG ratio of 0.49 and a beta of 1.10. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm’s 50 day moving average is $11.90 and its 200 day moving average is $13.23. Nu Holdings Ltd. has a 12 month low of $9.67 and a 12 month high of $16.15.

NU Company Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.