10,827 Shares in Nu Holdings Ltd. (NYSE:NU) Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired a new stake in Nu Holdings Ltd. (NYSE:NU) in the third quarter, Holdings Channel reports. The fund acquired 10,827 shares of the company’s stock, valued at approximately $148,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NU. Morse Asset Management Inc lifted its position in shares of NU by 71.1% during the 3rd quarter. Morse Asset Management Inc now owns 58,786 shares of the company’s stock valued at $802,000 after acquiring an additional 24,436 shares during the period. Advisory Resource Group bought a new stake in NU during the third quarter worth about $979,000. Coldstream Capital Management Inc. grew its stake in NU by 3.1% during the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock worth $362,000 after buying an additional 801 shares in the last quarter. Geode Capital Management LLC increased its holdings in 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 buying an additional 16,638,397 shares during the period. Finally, M&T Bank Corp raised its position in shares of NU by 4.2% in the 3rd quarter. M&T Bank Corp now owns 417,467 shares of the company’s stock valued at $5,698,000 after buying an additional 16,812 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Performance

Shares of NU stock opened at $10.33 on Friday. The firm has a market capitalization of $49.23 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 0.59 and a beta of 0.99. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $13.71 and its 200-day moving average price is $13.34. Nu Holdings Ltd. has a 12 month low of $8.06 and a 12 month high of $16.15.

Wall Street Analyst Weigh In

NU has been the topic of a number of recent analyst reports. Bank of America lifted their price objective on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Susquehanna boosted their price target on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. KeyCorp raised their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group boosted 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $15.63.

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.