Public Employees Retirement System of Ohio purchased a new stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,056,573 shares of the company's stock, valued at approximately $69,022,000. Public Employees Retirement System of Ohio owned about 0.11% of NU as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also modified their holdings of the company. Fisher Asset Management LLC purchased a new stake in shares of NU during the third quarter valued at about $98,704,000. Thrivent Financial for Lutherans lifted its position in shares of NU by 23.2% during the third quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company's stock valued at $3,517,000 after buying an additional 48,445 shares during the last quarter. Adero Partners LLC lifted its position in shares of NU by 5.7% during the third quarter. Adero Partners LLC now owns 4,819,355 shares of the company's stock valued at $65,784,000 after buying an additional 259,324 shares during the last quarter. Summit Partners Public Asset Management LLC lifted its position in shares of NU by 20.0% during the third quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company's stock valued at $4,095,000 after buying an additional 50,000 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in shares of NU during the third quarter valued at about $15,829,000. 84.02% of the stock is owned by hedge funds and other institutional investors.
NU stock opened at $12.03 on Monday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 12 month low of $8.06 and a 12 month high of $16.15. The stock's 50 day simple moving average is $14.04 and its two-hundred day simple moving average is $13.38. The firm has a market cap of $57.33 billion, a PE ratio of 33.42, a P/E/G ratio of 0.58 and a beta of 0.99.
Several research firms have recently issued reports on NU. Susquehanna upped their price objective on shares of NU from $16.00 to $18.00 and gave the company a "positive" rating in a report on Thursday, November 14th. Barclays upped their price objective on shares of NU from $15.00 to $17.00 and gave the company an "overweight" rating in a report on Friday, August 16th. Bank of America upped their price objective on shares of NU from $12.80 to $15.00 and gave the company a "neutral" rating in a report on Thursday, September 12th. Citigroup downgraded shares of NU from a "neutral" rating to a "sell" rating and cut their price objective for the company from $14.60 to $11.00 in a report on Monday, December 2nd. Finally, Itau BBA Securities downgraded shares of NU from an "outperform" rating to a "market perform" rating in a report on Thursday, November 14th. 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $15.63.
View Our Latest Stock Analysis on NU
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.
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