HighVista Strategies LLC grew its stake in shares of Nu Holdings Ltd. (NYSE:NU – Free Report) by 20.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 121,061 shares of the company’s stock after buying an additional 20,600 shares during the period. HighVista Strategies LLC’s holdings in NU were worth $1,560,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Itau Unibanco Holding S.A. raised its holdings in NU by 59.9% in the second quarter. Itau Unibanco Holding S.A. now owns 903,175 shares of the company’s stock valued at $11,642,000 after buying an additional 338,510 shares during the period. 1832 Asset Management L.P. increased its position in shares of NU by 10.3% in the second quarter. 1832 Asset Management L.P. now owns 8,858,200 shares of the company’s stock worth $114,182,000 after acquiring an additional 829,600 shares in the last quarter. Octahedron Capital Management L.P. raised its stake in shares of NU by 37.6% in the 2nd quarter. Octahedron Capital Management L.P. now owns 1,080,000 shares of the company’s stock valued at $13,921,000 after acquiring an additional 295,000 shares during the period. Sei Investments Co. lifted its holdings in shares of NU by 23.0% during the 2nd quarter. Sei Investments Co. now owns 18,927,977 shares of the company’s stock valued at $243,982,000 after acquiring an additional 3,544,124 shares in the last quarter. Finally, Intech Investment Management LLC boosted its position in NU by 13.0% during the 2nd quarter. Intech Investment Management LLC now owns 109,040 shares of the company’s stock worth $1,406,000 after purchasing an additional 12,527 shares during the period. 80.90% of the stock is currently owned by institutional investors and hedge funds.
NU Stock Down 1.1 %
Shares of NU stock opened at $14.63 on Monday. Nu Holdings Ltd. has a 1 year low of $6.77 and a 1 year high of $15.16. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.49. The business’s fifty day moving average is $13.49 and its 200-day moving average is $12.40. The stock has a market cap of $69.73 billion, a PE ratio of 56.27, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17.
Analyst Ratings Changes
A number of research firms have recently issued reports on NU. Barclays increased their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Susquehanna reiterated a “positive” rating and set a $16.00 price objective on shares of NU in a research note on Thursday, August 15th. 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. UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price target on the stock. in a research note on Friday, August 2nd. Finally, Jefferies Financial Group raised their target price on NU from $10.80 to $15.20 and gave the company a “buy” rating in a research note on Monday, June 24th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.08.
Check Out Our Latest Report on NU
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.
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