Berbice Capital Management LLC Buys New Stake in Nu Holdings Ltd. (NYSE:NU)

Berbice Capital Management LLC bought a new stake in shares of Nu Holdings Ltd. (NYSE:NU) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 9,000 shares of the company’s stock, valued at approximately $93,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Baillie Gifford & Co. lifted its holdings in 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 in the last quarter. Jennison Associates LLC raised its stake in shares of 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 purchasing an additional 6,435,526 shares in the last quarter. State Street Corp raised its stake in shares of NU by 105.9% in the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after purchasing an additional 40,560,986 shares in the last quarter. FMR LLC raised 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 in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of NU by 104.3% in the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after purchasing an additional 16,638,397 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

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

NU Stock Up 2.3 %

Shares of NYSE:NU opened at $12.47 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 company has a market cap of $59.44 billion, a PE ratio of 34.83, a price-to-earnings-growth ratio of 0.43 and a beta of 1.05. Nu Holdings Ltd. has a 52 week low of $8.51 and a 52 week high of $16.15. The firm has a 50 day simple moving average of $11.75 and a 200 day simple moving average of $13.14.

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.