State of New Jersey Common Pension Fund D Boosts Stake in Nu Holdings Ltd. (NYSE:NU)

State of New Jersey Common Pension Fund D lifted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 15.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,363,069 shares of the company’s stock after purchasing an additional 187,411 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in NU were worth $14,121,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NU. Baillie Gifford & Co. boosted its position in shares of NU by 7.1% during the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after buying an additional 14,875,891 shares during the period. Jennison Associates LLC boosted its holdings 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 acquiring an additional 6,435,526 shares during the period. State Street Corp grew its position in NU by 105.9% in the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after acquiring an additional 40,560,986 shares in the last quarter. FMR LLC increased its stake in NU by 16.4% during the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after purchasing an additional 8,728,833 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of NU by 104.3% during the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after purchasing an additional 16,638,397 shares in the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NU shares. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and cut their target price for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. KeyCorp upped their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Susquehanna lifted 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 upped 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. Finally, Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.63.

NU Trading Down 0.7 %

NU opened at $13.70 on Tuesday. 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 one year low of $9.67 and a one year high of $16.15. The company has a market cap of $65.27 billion, a P/E ratio of 38.04, a PEG ratio of 0.49 and a beta of 1.10. The business’s 50-day simple moving average is $11.86 and its 200-day simple moving average is $13.21.

NU Company Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.