KBC Group NV Has $6.57 Million Stock Position in Nu Holdings Ltd. (NYSE:NU)

KBC Group NV lifted its holdings in Nu Holdings Ltd. (NYSE:NU) by 314.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 633,708 shares of the company’s stock after purchasing an additional 480,922 shares during the period. KBC Group NV’s holdings in NU were worth $6,565,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in NU by 19.5% during the second quarter. AQR Capital Management LLC now owns 186,897 shares of the company’s stock valued at $2,409,000 after acquiring an additional 30,498 shares during the period. The Manufacturers Life Insurance Company boosted its stake in NU by 9.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 314,189 shares of the company’s stock valued at $4,050,000 after purchasing an additional 27,662 shares during the period. Creative Planning grew its holdings in NU by 1,937.0% in the 2nd quarter. Creative Planning now owns 418,624 shares of the company’s stock valued at $5,396,000 after buying an additional 398,073 shares during the last quarter. NewEdge Advisors LLC bought a new position in NU in the 2nd quarter worth approximately $2,148,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of NU during the second quarter worth approximately $135,000. 84.02% of the stock is currently owned by institutional investors.

NU Price Performance

NU stock opened at $13.44 on Friday. The business has a 50 day simple moving average of $11.66 and a 200 day simple moving average of $13.12. Nu Holdings Ltd. has a one year low of $8.58 and a one year high of $16.15. The company has a market capitalization of $64.03 billion, a PE ratio of 37.32, a price-to-earnings-growth ratio of 0.43 and a beta of 1.05. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

Wall Street Analyst Weigh In

NU has been the subject of several research analyst reports. Citigroup cut 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 note on Monday, December 2nd. KeyCorp upped their price objective on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Susquehanna lifted their target price on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. The Goldman Sachs Group upped their price target on NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. One equities research 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. According to data from MarketBeat, NU currently has an average rating of “Hold” and an average price target of $15.63.

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.