Nu Holdings Ltd. (NYSE:NU) Stock Holdings Boosted by Adero Partners LLC

Adero Partners LLC grew its position in shares of Nu Holdings Ltd. (NYSE:NU) by 5.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,819,355 shares of the company’s stock after acquiring an additional 259,324 shares during the quarter. NU accounts for approximately 4.4% of Adero Partners LLC’s portfolio, making the stock its 6th largest holding. Adero Partners LLC owned about 0.10% of NU worth $65,784,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Baillie Gifford & Co. boosted its holdings in shares of NU by 13.0% in 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. Capital Research Global Investors boosted its holdings in shares of NU by 15.7% in the 1st quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock worth $2,417,237,000 after buying an additional 27,420,994 shares during the last quarter. Whale Rock Capital Management LLC boosted its holdings in shares of NU by 0.8% in the 1st quarter. Whale Rock Capital Management LLC now owns 25,004,827 shares of the company’s stock worth $298,308,000 after buying an additional 204,305 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings 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 worth $272,686,000 after buying an additional 1,828,143 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of NU by 23.0% in the 2nd quarter. Sei Investments Co. now owns 18,927,977 shares of the company’s stock worth $243,982,000 after buying an additional 3,544,124 shares during the last quarter. 80.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NU shares. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research note on Thursday. The Goldman Sachs Group boosted their price objective on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday. Susquehanna boosted their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday. Bank of America boosted their price objective on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Finally, Barclays boosted their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, NU currently has a consensus rating of “Moderate Buy” and an average price target of $16.21.

NU Stock Down 7.4 %

NU stock opened at $14.06 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.49 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $14.48 and its 200 day moving average is $13.22. The stock has a market cap of $67.01 billion, a price-to-earnings ratio of 39.06, a price-to-earnings-growth ratio of 0.64 and a beta of 1.13. Nu Holdings Ltd. has a 1-year low of $7.74 and a 1-year high of $16.15.

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.