Nu Holdings Ltd. $NU Holdings Boosted by ANTIPODES PARTNERS Ltd

ANTIPODES PARTNERS Ltd raised its stake in Nu Holdings Ltd. (NYSE:NU) by 37.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,492,217 shares of the company’s stock after acquiring an additional 957,531 shares during the period. ANTIPODES PARTNERS Ltd owned 0.07% of NU worth $55,915,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NU. Barings LLC grew its stake in NU by 10.2% during the 3rd quarter. Barings LLC now owns 1,586,267 shares of the company’s stock worth $25,396,000 after buying an additional 146,798 shares during the last quarter. Personal CFO Solutions LLC lifted its stake in NU by 5.3% in the third quarter. Personal CFO Solutions LLC now owns 48,780 shares of the company’s stock valued at $781,000 after buying an additional 2,449 shares during the last quarter. Sava Infond d.o.o. boosted its holdings in shares of NU by 217.8% during the third quarter. Sava Infond d.o.o. now owns 190,700 shares of the company’s stock valued at $3,053,000 after acquiring an additional 130,700 shares during the period. Broderick Brian C grew its position in shares of NU by 27.0% during the third quarter. Broderick Brian C now owns 94,810 shares of the company’s stock worth $1,518,000 after acquiring an additional 20,152 shares during the last quarter. Finally, Factory Mutual Insurance Co. acquired a new stake in shares of NU in the 3rd quarter worth about $2,367,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

NU Stock Up 1.3%

Shares of NU stock opened at $17.55 on Friday. Nu Holdings Ltd. has a 1 year low of $9.01 and a 1 year high of $18.98. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.56. The business’s fifty day moving average is $17.18 and its 200-day moving average is $15.98. The stock has a market cap of $84.55 billion, a PE ratio of 34.40, a price-to-earnings-growth ratio of 0.56 and a beta of 1.08.

Wall Street Analyst Weigh In

NU has been the subject of a number of analyst reports. Susquehanna boosted their target price on shares of NU from $19.00 to $22.00 and gave the company a “positive” rating in a research note on Tuesday, January 27th. Weiss Ratings raised NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. UBS Group increased their price objective on NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $21.00 price target on shares of NU in a research report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, NU currently has an average rating of “Moderate Buy” and an average target price of $18.34.

About NU

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.