UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Holdings in Nu Holdings Ltd. (NYSE:NU)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 458.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 14,147,349 shares of the company’s stock after purchasing an additional 11,613,191 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.30% of NU worth $193,111,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of NU. Baillie Gifford & Co. grew its holdings in shares of NU by 13.0% during the third 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. FMR LLC grew its stake in shares of NU by 16.4% in the 3rd 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 during the last quarter. American Century Companies Inc. increased its holdings in shares of NU by 73.1% in the second quarter. American Century Companies Inc. now owns 17,237,693 shares of the company’s stock valued at $222,194,000 after purchasing an additional 7,279,458 shares during the period. Fisher Asset Management LLC purchased a new stake in shares of NU during the third quarter worth approximately $98,704,000. Finally, Swiss National Bank acquired a new stake in shares of NU during the third quarter worth $91,860,000. 80.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on NU. JPMorgan Chase & Co. raised their target price on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Susquehanna lifted their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. The Goldman Sachs Group increased their target price on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. KeyCorp raised their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, Bank of America upped their price objective on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, NU has an average rating of “Moderate Buy” and an average target price of $16.21.

NU Stock Performance

Shares of NU stock opened at $12.53 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a market cap of $59.72 billion, a PE ratio of 34.81, a P/E/G ratio of 0.66 and a beta of 1.13. Nu Holdings Ltd. has a 1 year low of $8.04 and a 1 year high of $16.15. The stock has a fifty day moving average price of $14.28 and a 200 day moving average price of $13.35.

NU 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.