Nu Holdings Ltd. (NYSE:NU) Holdings Boosted by INCA Investments LLC

INCA Investments LLC raised its position in shares of Nu Holdings Ltd. (NYSE:NU) by 76.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 848,304 shares of the company’s stock after purchasing an additional 366,944 shares during the quarter. NU accounts for about 3.6% of INCA Investments LLC’s investment portfolio, making the stock its 9th largest position. INCA Investments LLC’s holdings in NU were worth $8,788,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC purchased a new position in NU during the third quarter valued at approximately $98,704,000. Thrivent Financial for Lutherans lifted its holdings in NU by 23.2% during the third quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock valued at $3,517,000 after purchasing an additional 48,445 shares in the last quarter. Adero Partners LLC lifted its holdings in NU by 5.7% during the third quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock valued at $65,784,000 after purchasing an additional 259,324 shares in the last quarter. Summit Partners Public Asset Management LLC lifted its holdings in NU by 20.0% during the third quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock valued at $4,095,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft lifted its holdings in NU by 19.6% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock valued at $3,680,000 after purchasing an additional 58,183 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Trading Up 1.1 %

NU stock opened at $13.79 on Friday. 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 $9.67 and a twelve month high of $16.15. The stock has a market capitalization of $65.70 billion, a price-to-earnings ratio of 38.29, a price-to-earnings-growth ratio of 0.49 and a beta of 1.10. The firm’s fifty day simple moving average is $11.79 and its two-hundred day simple moving average is $13.17.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. KeyCorp boosted their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Susquehanna boosted their price target 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. Finally, The Goldman Sachs Group boosted their price target on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $15.63.

NU 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.