Nu Holdings Ltd. $NU Shares Bought by Fiera Capital Corp

Fiera Capital Corp boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 22.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 594,926 shares of the company’s stock after purchasing an additional 110,346 shares during the period. Fiera Capital Corp’s holdings in NU were worth $9,525,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in NU. State Street Corp increased its holdings in shares of NU by 2.4% in the second quarter. State Street Corp now owns 91,238,735 shares of the company’s stock valued at $1,251,795,000 after buying an additional 2,158,037 shares in the last quarter. WCM Investment Management LLC boosted its stake in shares of NU by 0.9% during the 3rd quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock worth $1,187,935,000 after acquiring an additional 659,526 shares in the last quarter. Sands Capital Management LLC grew its holdings in shares of NU by 5.9% in the 2nd quarter. Sands Capital Management LLC now owns 54,504,428 shares of the company’s stock worth $747,801,000 after acquiring an additional 3,060,463 shares during the last quarter. Norges Bank acquired a new position in shares of NU in the 2nd quarter worth $626,569,000. Finally, Jennison Associates LLC raised its position in shares of NU by 38.1% during the second quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock worth $575,728,000 after purchasing an additional 11,567,865 shares during the period. 84.02% of the stock is currently owned by institutional investors.

NU Trading Up 1.3%

Shares of NYSE NU opened at $17.55 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $18.98. The business has a 50-day moving average price of $17.18 and a two-hundred day moving average price of $15.98. The firm has a market capitalization of $84.55 billion, a PE ratio of 34.40, a PEG ratio of 0.56 and a beta of 1.08.

Analysts Set New Price Targets

A number of research firms recently weighed in on NU. Zacks Research upgraded NU from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $21.00 price objective on shares of NU in a research note on Thursday, December 18th. Susquehanna raised their target price on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday, January 27th. Weiss Ratings upgraded shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, KeyCorp upped their price target on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.34.

NU Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.