PNC Financial Services Group Inc. Buys 13,653 Shares of Nu Holdings Ltd. (NYSE:NU)

PNC Financial Services Group Inc. boosted its position in Nu Holdings Ltd. (NYSE:NU) by 7.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 191,642 shares of the company’s stock after purchasing an additional 13,653 shares during the period. PNC Financial Services Group Inc.’s holdings in NU were worth $2,616,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Adero Partners LLC increased its stake in shares of NU by 5.7% in the third quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock worth $65,784,000 after purchasing an additional 259,324 shares in the last quarter. Aigen Investment Management LP bought a new stake in NU during the 3rd quarter valued at $814,000. Principal Financial Group Inc. lifted its position in shares of NU by 315.8% during the third quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company’s stock worth $15,745,000 after acquiring an additional 876,039 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of NU by 1,074.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 131,136 shares of the company’s stock worth $1,790,000 after acquiring an additional 119,972 shares during the period. Finally, Public Investment Fund grew its position in shares of NU by 223.1% in the second quarter. Public Investment Fund now owns 3,802,480 shares of the company’s stock valued at $49,014,000 after purchasing an additional 2,625,500 shares in the last quarter. 80.90% of the stock is owned by institutional investors.

NU Stock Up 2.2 %

Shares of NYSE:NU opened at $14.22 on Tuesday. The firm has a market capitalization of $67.77 billion, a PE ratio of 39.50, a price-to-earnings-growth ratio of 0.63 and a beta of 1.13. 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 firm has a fifty day moving average of $14.40 and a 200 day moving average of $13.32.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NU. Barclays increased their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Bank of America increased their price target on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. UBS Group cut shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a research note on Friday, August 2nd. The Goldman Sachs Group increased their target price on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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.