Piscataqua Savings Bank Boosts Stake in Nu Holdings Ltd. (NYSE:NU)

Piscataqua Savings Bank grew its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 500.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,000 shares of the company’s stock after acquiring an additional 2,500 shares during the quarter. Piscataqua Savings Bank’s holdings in NU were worth $31,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NU. State Street Corp boosted its holdings in NU by 105.9% during the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after acquiring an additional 40,560,986 shares during the period. Baillie Gifford & Co. raised its holdings in NU by 13.0% in the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after acquiring an additional 24,140,416 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of NU by 104.3% during the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after purchasing an additional 16,638,397 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of NU by 458.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock valued at $193,111,000 after acquiring an additional 11,613,191 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in NU by 122.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company’s stock worth $165,850,000 after purchasing an additional 8,806,495 shares during the period. 84.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

NU Stock Up 1.3 %

NYSE NU opened at $12.35 on Monday. The stock has a market cap of $58.84 billion, a PE ratio of 34.29, a P/E/G ratio of 0.43 and a beta of 1.05. The stock’s 50 day moving average is $11.71 and its 200 day moving average is $13.14. Nu Holdings Ltd. has a 12 month low of $8.51 and a 12 month high of $16.15. 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 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.