Maverick Capital Ltd. Increases Position in Nu Holdings Ltd. (NYSE:NU)

Maverick Capital Ltd. increased its stake in Nu Holdings Ltd. (NYSE:NU) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,118,901 shares of the company’s stock after acquiring an additional 213,672 shares during the period. NU comprises about 3.2% of Maverick Capital Ltd.’s holdings, making the stock its 8th largest holding. Maverick Capital Ltd. owned approximately 0.25% of NU worth $165,423,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Kolinsky Wealth Management LLC purchased a new stake in NU during the 3rd quarter valued at $288,000. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of NU by 171.9% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,281,901 shares of the company’s stock worth $72,098,000 after purchasing an additional 3,339,036 shares during the period. Circle Wealth Management LLC grew its stake in shares of NU by 143.3% in the third quarter. Circle Wealth Management LLC now owns 104,068 shares of the company’s stock worth $1,421,000 after purchasing an additional 61,288 shares during the last quarter. Fred Alger Management LLC increased its holdings in NU by 56.8% during the 3rd quarter. Fred Alger Management LLC now owns 667,161 shares of the company’s stock valued at $9,107,000 after purchasing an additional 241,685 shares during the period. Finally, Summit Partners Public Asset Management LLC raised its position in NU by 20.0% during the 3rd 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 during the last quarter. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

NU Price Performance

Shares of NYSE NU opened at $12.54 on Friday. The company has a 50 day simple moving average of $14.32 and a two-hundred day simple moving average of $13.34. Nu Holdings Ltd. has a fifty-two week low of $8.04 and a fifty-two week high of $16.15. The company has a market capitalization of $59.76 billion, a price-to-earnings ratio of 34.83, a P/E/G ratio of 0.66 and a beta of 1.13. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

Analysts Set New Price Targets

NU has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Barclays boosted 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 Friday, August 16th. UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a research report on Friday, August 2nd. Bank of America boosted their price target on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Finally, Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.21.

About NU

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.