Bamco Inc. NY Has $50.64 Million Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Bamco Inc. NY lowered its stake in Nu Holdings Ltd. (NYSE:NU) by 30.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,709,956 shares of the company’s stock after selling 1,592,969 shares during the quarter. Bamco Inc. NY owned about 0.08% of NU worth $50,641,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. lifted its stake in shares of NU by 13.0% during the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after buying an additional 24,140,416 shares during the last quarter. Jennison Associates LLC increased its stake in NU by 7.1% during the 3rd quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock worth $1,320,705,000 after acquiring an additional 6,435,526 shares during the period. FMR LLC raised its stake in NU by 16.4% in the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock valued at $843,596,000 after purchasing an additional 8,728,833 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of NU by 10.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 19,976,979 shares of the company’s stock valued at $272,686,000 after buying an additional 1,828,143 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of NU by 23.0% during the 2nd quarter. Sei Investments Co. now owns 18,927,977 shares of the company’s stock worth $243,982,000 after acquiring an additional 3,544,124 shares in the last quarter. 80.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NU shares. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. The Goldman Sachs Group increased their price objective 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. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and cut their target price for the company from $14.60 to $11.00 in a research report on Monday. Barclays upped their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, Susquehanna boosted their price objective on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.63.

NU Price Performance

Shares of NYSE NU opened at $12.00 on Tuesday. The company has a market capitalization of $57.19 billion, a PE ratio of 33.33, a P/E/G ratio of 0.61 and a beta of 0.99. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a twelve month low of $8.06 and a twelve month high of $16.15. The firm has a fifty day simple moving average of $14.28 and a 200 day simple moving average of $13.37.

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.