Nu Holdings Ltd. (NYSE:NU) Shares Acquired by Baillie Gifford & Co.

Baillie Gifford & Co. increased its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 7.1% in the 4th quarter, Holdings Channel reports. The firm owned 224,979,342 shares of the company’s stock after purchasing an additional 14,875,891 shares during the period. NU accounts for 1.8% of Baillie Gifford & Co.’s investment portfolio, making the stock its 16th largest holding. Baillie Gifford & Co.’s holdings in NU were worth $2,330,786,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC acquired a new position in shares of NU during the 3rd quarter worth about $98,704,000. Thrivent Financial for Lutherans grew its stake in NU by 23.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock valued at $3,517,000 after acquiring an additional 48,445 shares in the last quarter. Adero Partners LLC grew its stake in NU by 5.7% during the 3rd quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock valued at $65,784,000 after acquiring an additional 259,324 shares in the last quarter. Summit Partners Public Asset Management LLC grew its stake in NU by 20.0% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock valued at $4,095,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft grew its stake in NU by 19.6% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock valued at $3,680,000 after acquiring an additional 58,183 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Stock Performance

NYSE:NU opened at $13.70 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a market capitalization of $65.27 billion, a P/E ratio of 38.04, a PEG ratio of 0.49 and a beta of 1.10. The company has a 50 day moving average price of $11.82 and a 200 day moving average price of $13.19. Nu Holdings Ltd. has a fifty-two week low of $9.67 and a fifty-two week high of $16.15.

Analysts Set New Price Targets

Several analysts recently issued reports on NU shares. Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. The Goldman Sachs Group upped their price objective on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. KeyCorp upped their price objective on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Susquehanna increased their price target on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Finally, Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and dropped their price target for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $15.63.

NU 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.