1 week Ago By ABMN Staff
SVB Wealth LLC trimmed its holdings in Nu Holdings Ltd. ( NYSE:NU – Free Report ) by 21.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 173,400 shares of the company’s stock after selling 47,902 shares during the period. SVB Wealth LLC’s holdings in NU were worth $2,235,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds have also modified their holdings of NU.
WCM Investment Management LLC lifted its stake in shares of NU by 1,157.4% in the first quarter. WCM Investment Management LLC now owns 99,965,627 shares of the company’s stock worth $1,192,590,000 after buying an additional 92,015,719 shares during the last quarter.
Baillie Gifford & Co. lifted its stake in shares of NU by 47.6% in the first quarter.
Baillie Gifford & Co. now owns 169,450,124 shares of the company’s stock worth $2,021,540,000 after buying an additional 54,681,625 shares during the last quarter. Sands Capital Management LLC lifted its stake in shares of NU by 92.
7% in the fourth quarter. Sands Capital Management LLC now owns 85,220,661 shares of the company’s stock worth $709,888,000 after buying an additional 40,992,413 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of NU by 20.
7% in the fourth quarter. Capital Research Global Investors now owns 175,197,344 shares of the company’s stock worth $1,459,403,000 after buying an additional 30,002,685 shares during the last quarter. Finally, Norges Bank acquired a new position in NU during the 4th quarter valued at $209,534,000.
80.90% of the stock is currently owned by institutional investors and hedge funds. NU Trading Down 4.
5 % Shares of NU stock opened at $13.70 on Monday. The firm has a market capitalization of $65.
29 billion, a PE ratio of 52.69, a price-to-earnings-growth ratio of 0.66 and a beta of 1.
17. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.
49 and a quick ratio of 0.49. The company’s fifty day moving average price is $13.
15 and its two-hundred day moving average price is $12.14. Nu Holdings Ltd.
has a 52-week low of $6.67 and a 52-week high of $15.10.
Wall Street Analysts Forecast Growth Several equities analysts recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of NU from $14.
50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. The Goldman Sachs Group upped their target price on shares of NU from $15.
00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Barclays 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 Friday, August 16th. UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.
50 target price for the company. in a research note on Friday, August 2nd. Finally, Susquehanna reiterated a “positive” rating and set a $16.
00 target price on shares of NU in a research note on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.
43. View Our Latest Report on NU NU Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding NU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nu Holdings Ltd.
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