Fisher Asset Management LLC Acquires Shares of 7,231,070 Nu Holdings Ltd. (NYSE:NU)

by · The Markets Daily

Fisher Asset Management LLC bought a new position in Nu Holdings Ltd. (NYSE:NU – Free Report) during the third quarter, Holdings Channel reports. The firm bought 7,231,070 shares of the company’s stock, valued at approximately $98,704,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV boosted its position in shares of NU by 287.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after buying an additional 1,422 shares during the last quarter. GAMMA Investing LLC boosted its holdings in NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after acquiring an additional 815 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new position in NU during the 3rd quarter worth $44,000. ORG Partners LLC purchased a new stake in shares of NU in the second quarter valued at about $54,000. Finally, Toth Financial Advisory Corp bought a new position in shares of NU during the third quarter valued at about $55,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on NU. UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a research report on Friday, August 2nd. Susquehanna upped their target price on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. The Goldman Sachs Group lifted their price target on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. KeyCorp upped 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, Barclays lifted their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.21.

Check Out Our Latest Analysis on NU

NU Price Performance

NU opened at $14.22 on Tuesday. The firm has a 50-day moving average price of $14.40 and a 200-day moving average price of $13.32. 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 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $67.77 billion, a price-to-earnings ratio of 39.50, a PEG ratio of 0.63 and a beta of 1.13.

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.

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