Daiwa Securities Group Inc. Invests $5.63 Million in Nu Holdings Ltd. (NYSE:NU)

Daiwa Securities Group Inc. bought a new stake in shares of Nu Holdings Ltd. (NYSE:NU) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 412,170 shares of the company’s stock, valued at approximately $5,626,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Baillie Gifford & Co. raised its stake in shares of NU by 13.0% during the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock valued at $2,867,912,000 after acquiring an additional 24,140,416 shares during the last quarter. Jennison Associates LLC raised its position in NU by 7.1% during the 3rd quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock valued at $1,320,705,000 after purchasing an additional 6,435,526 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in NU by 10.1% in the 3rd 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 during the period. Sei Investments Co. grew its position in shares of NU by 23.0% in the 2nd quarter. Sei Investments Co. now owns 18,927,977 shares of the company’s stock worth $243,982,000 after buying an additional 3,544,124 shares during the last quarter. Finally, American Century Companies Inc. increased its stake 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 buying an additional 7,279,458 shares during the period. 80.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on NU. UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price target on the stock. in a report on Friday, August 2nd. The Goldman Sachs Group lifted their target price on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. upped their price target on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Susquehanna increased their price target on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Finally, Barclays boosted their price objective on shares of 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.21.

NU Stock Down 2.1 %

Shares of NU stock opened at $13.94 on Wednesday. The company has a 50-day simple moving average of $14.40 and a two-hundred 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. The stock has a market capitalization of $66.41 billion, a PE ratio of 38.71, a price-to-earnings-growth ratio of 0.63 and a beta of 1.13.

NU Company 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.