KBC Group NV Takes $2.09 Million Position in Nu Holdings Ltd. (NYSE:NU)

KBC Group NV bought a new position in Nu Holdings Ltd. (NYSE:NU) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 152,786 shares of the company’s stock, valued at approximately $2,086,000.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after buying an additional 815 shares during the last quarter. Marcum Wealth LLC boosted its stake in shares of NU by 2.5% during the 3rd quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock worth $508,000 after acquiring an additional 903 shares in the last quarter. Fortis Capital Management LLC increased its holdings in shares of NU by 6.6% during the 2nd quarter. Fortis Capital Management LLC now owns 17,330 shares of the company’s stock valued at $223,000 after acquiring an additional 1,072 shares during the last quarter. Americana Partners LLC lifted its stake in shares of NU by 7.8% in the second quarter. Americana Partners LLC now owns 15,449 shares of the company’s stock worth $199,000 after buying an additional 1,115 shares during the last quarter. Finally, Gateway Advisory LLC boosted its holdings in shares of NU by 2.1% during the 2nd quarter. Gateway Advisory LLC now owns 69,255 shares of the company’s stock worth $893,000 after buying an additional 1,419 shares during the period. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

NU Stock Performance

NYSE:NU opened at $13.65 on Tuesday. The company has a current ratio of 0.44, a quick ratio of 0.49 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $65.06 billion, a P/E ratio of 37.92, a price-to-earnings-growth ratio of 0.64 and a beta of 1.13. The firm has a 50 day moving average of $14.47 and a 200-day moving average of $13.26. Nu Holdings Ltd. has a 1 year low of $8.04 and a 1 year high of $16.15.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. 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. KeyCorp raised their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. The Goldman Sachs Group lifted their price objective on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.21.

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.