Nu Holdings Ltd. (NYSE:NU) Stock Holdings Lessened by BNP Paribas

BNP Paribas cut its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 708,754 shares of the company’s stock after selling 4,833 shares during the quarter. BNP Paribas’ holdings in NU were worth $9,677,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Baillie Gifford & Co. raised its holdings in 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. FMR LLC increased its position in shares of NU by 16.4% in the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after acquiring an additional 8,728,833 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of NU by 73.1% during the second quarter. American Century Companies Inc. now owns 17,237,693 shares of the company’s stock valued at $222,194,000 after acquiring an additional 7,279,458 shares during the period. Fisher Asset Management LLC purchased a new stake in shares of NU in the 3rd quarter valued at approximately $98,704,000. Finally, Swiss National Bank acquired a new position in NU in the 3rd quarter worth approximately $91,860,000. 80.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on NU shares. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a research report on Friday, August 2nd. The Goldman Sachs Group lifted their target price on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Barclays increased their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. raised their price target on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Finally, Susquehanna upped their price objective on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $16.21.

NU Trading Down 2.1 %

Shares of NYSE NU opened at $13.94 on Wednesday. The stock has a market cap of $66.41 billion, a price-to-earnings ratio of 38.71, a PEG ratio of 0.64 and a beta of 1.13. The business has a 50 day simple moving average of $14.40 and a 200 day simple moving average of $13.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. Nu Holdings Ltd. has a 52 week low of $8.04 and a 52 week high of $16.15.

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.