Summit Partners Public Asset Management LLC Raises Holdings in Nu Holdings Ltd. (NYSE:NU)

Summit Partners Public Asset Management LLC grew its holdings in Nu Holdings Ltd. (NYSE:NU) by 20.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 300,000 shares of the company’s stock after acquiring an additional 50,000 shares during the period. Summit Partners Public Asset Management LLC’s holdings in NU were worth $4,095,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in NU by 458.3% in the 3rd 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 buying an additional 11,613,191 shares during the period. Public Sector Pension Investment Board bought a new position in shares of NU in the 3rd quarter worth approximately $34,554,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of NU by 14,296.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 807,808 shares of the company’s stock worth $11,027,000 after acquiring an additional 802,197 shares in the last quarter. RPg Family Wealth Advisory LLC raised its position in shares of NU by 5.4% in the 3rd quarter. RPg Family Wealth Advisory LLC now owns 227,633 shares of the company’s stock worth $3,107,000 after acquiring an additional 11,743 shares in the last quarter. Finally, Townsquare Capital LLC bought a new position in shares of NU in the 3rd quarter worth approximately $197,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.

NU Stock Performance

NU stock opened at $13.53 on Friday. 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 company has a market cap of $64.48 billion, a P/E ratio of 37.58, a price-to-earnings-growth ratio of 0.66 and a beta of 1.13. The stock’s fifty day moving average price is $14.35 and its 200-day moving average price is $13.34. Nu Holdings Ltd. has a 1 year low of $8.04 and a 1 year high of $16.15.

Wall Street Analyst Weigh In

NU has been the subject of several research reports. Barclays increased their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. raised their price objective on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. UBS Group lowered NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a research report on Friday, August 2nd. Susquehanna lifted their target price on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Finally, Bank of America lifted 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. 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, NU has an average rating of “Moderate Buy” and a consensus target price 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.