Stifel Financial Corp Has $16.07 Million Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Stifel Financial Corp boosted its stake in Nu Holdings Ltd. (NYSE:NU) by 8.5% during the third quarter, Holdings Channel reports. The institutional investor owned 1,177,480 shares of the company’s stock after buying an additional 92,475 shares during the period. Stifel Financial Corp’s holdings in NU were worth $16,073,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Baillie Gifford & Co. grew its position in shares of NU by 13.0% in the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock valued at $2,867,912,000 after purchasing an additional 24,140,416 shares during the last quarter. Jennison Associates LLC grew its holdings in NU by 7.1% in the 3rd quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock valued at $1,320,705,000 after buying an additional 6,435,526 shares in the last quarter. FMR LLC increased its position in NU by 16.4% during the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after buying an additional 8,728,833 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of NU by 10.1% during the third 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 in the last quarter. Finally, Sei Investments Co. boosted its position in shares of NU by 23.0% in the second quarter. Sei Investments Co. now owns 18,927,977 shares of the company’s stock valued at $243,982,000 after acquiring an additional 3,544,124 shares during the period. 80.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on NU. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. The Goldman Sachs Group lifted their price target on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Susquehanna raised their price objective on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. lifted their price objective on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Finally, KeyCorp raised their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $15.63.

NU Stock Performance

NU stock opened at $11.75 on Wednesday. The stock has a market cap of $56.00 billion, a PE ratio of 32.64, a P/E/G ratio of 0.58 and a beta of 0.99. 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 12-month low of $8.06 and a 12-month high of $16.15. The business’s 50-day moving average price is $13.97 and its two-hundred day moving average price is $13.38.

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.