Public Sector Pension Investment Board Acquires Shares of 2,531,400 Nu Holdings Ltd. (NYSE:NU)

Public Sector Pension Investment Board bought a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,531,400 shares of the company’s stock, valued at approximately $34,554,000. Public Sector Pension Investment Board owned about 0.05% of NU as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV raised its holdings in NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after purchasing an additional 1,422 shares during the last quarter. GAMMA Investing LLC raised its stake 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 buying an additional 815 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new position in NU in the third quarter valued at approximately $44,000. ORG Partners LLC bought a new position in NU in the second quarter valued at approximately $54,000. Finally, Toth Financial Advisory Corp acquired a new stake in NU during the 3rd quarter worth $55,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on NU. Susquehanna raised 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 raised their target price on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. KeyCorp upped their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Barclays lifted their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Finally, Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a research note 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.21.

NU Stock Performance

Shares of NU stock opened at $13.53 on Thursday. The company has a market capitalization of $64.48 billion, a P/E ratio of 37.58, a price-to-earnings-growth ratio of 0.64 and a beta of 1.13. Nu Holdings Ltd. has a 52 week low of $8.04 and a 52 week high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The company’s 50 day moving average price is $14.37 and its two-hundred day moving average price is $13.34.

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.