2,531,400 Shares in Nu Holdings Ltd. (NYSE:NU) Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) in the third quarter, HoldingsChannel reports. The fund purchased 2,531,400 shares of the company’s stock, valued at approximately $34,554,000.

Several other hedge funds also recently made changes to their positions in NU. GAMMA Investing LLC lifted its position in shares of NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after purchasing an additional 815 shares in the last quarter. Marcum Wealth LLC lifted its position in 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 buying an additional 903 shares in the last quarter. Fortis Capital Management LLC boosted its stake 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 worth $223,000 after buying an additional 1,072 shares during the last quarter. Americana Partners LLC grew its holdings in shares of NU by 7.8% in the 2nd quarter. Americana Partners LLC now owns 15,449 shares of the company’s stock valued at $199,000 after acquiring an additional 1,115 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its position in shares of NU by 4.9% in the third quarter. OneDigital Investment Advisors LLC now owns 26,477 shares of the company’s stock valued at $361,000 after acquiring an additional 1,248 shares during the last quarter. 80.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. KeyCorp increased their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. The Goldman Sachs Group increased their price objective on NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Bank of America boosted their target price on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Barclays increased their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.21.

NU Price Performance

Shares of NU opened at $13.53 on Thursday. The company’s 50-day moving average is $14.37 and its 200-day moving average is $13.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a market capitalization of $64.48 billion, a PE ratio of 37.58, a PEG ratio of 0.64 and a beta of 1.13. Nu Holdings Ltd. has a fifty-two week low of $8.04 and a fifty-two week high of $16.15.

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.