KBC Group NV Takes $2.09 Million Position in Nu Holdings Ltd. (NYSE:NU)

KBC Group NV acquired a new position in Nu Holdings Ltd. (NYSE:NU) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 152,786 shares of the company’s stock, valued at approximately $2,086,000.

Other large investors have also made changes to their positions in the company. Baillie Gifford & Co. grew its position in shares of NU by 13.0% during 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 during the period. Capital Research Global Investors increased its holdings in NU by 15.7% during the 1st quarter. Capital Research Global Investors now owns 202,618,338 shares of the company’s stock worth $2,417,237,000 after purchasing an additional 27,420,994 shares in the last quarter. Whale Rock Capital Management LLC raised its stake in shares of NU by 0.8% in the 1st quarter. Whale Rock Capital Management LLC now owns 25,004,827 shares of the company’s stock valued at $298,308,000 after purchasing an additional 204,305 shares during the period. Robeco Institutional Asset Management B.V. grew 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. raised its holdings 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 purchasing an additional 3,544,124 shares during the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

Analyst Upgrades and Downgrades

NU has been the subject of several analyst reports. Bank of America raised their price objective on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Susquehanna raised their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. KeyCorp lifted their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Finally, Barclays raised their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.21.

NU Stock Performance

NYSE:NU opened at $13.65 on Tuesday. The stock’s 50-day simple moving average is $14.47 and its 200 day simple moving average is $13.26. Nu Holdings Ltd. has a twelve month low of $8.04 and a twelve month high of $16.15. The company has a quick ratio of 0.49, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $65.06 billion, a PE ratio of 37.92, a price-to-earnings-growth ratio of 0.64 and a beta of 1.13.

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.