Nu Holdings Ltd. $NU Shares Acquired by Fiera Capital Corp

Fiera Capital Corp boosted its position in Nu Holdings Ltd. (NYSE:NU) by 22.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 594,926 shares of the company’s stock after buying an additional 110,346 shares during the quarter. Fiera Capital Corp’s holdings in NU were worth $9,525,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NU. Rathbones Group PLC grew its holdings in shares of NU by 119.0% during the second quarter. Rathbones Group PLC now owns 147,590 shares of the company’s stock valued at $2,025,000 after purchasing an additional 80,200 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in shares of NU in the 2nd quarter worth approximately $39,848,000. Sumitomo Mitsui Trust Group Inc. boosted its position in NU by 14.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,695,159 shares of the company’s stock valued at $219,259,000 after purchasing an additional 1,703,787 shares during the period. Washington University grew its stake in NU by 1.5% during the 3rd quarter. Washington University now owns 10,566,927 shares of the company’s stock worth $169,177,000 after buying an additional 158,731 shares during the last quarter. Finally, Mawer Investment Management Ltd. bought a new position in NU during the 3rd quarter worth $10,829,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

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

A number of research firms have issued reports on NU. Santander upgraded NU from a “neutral” rating to an “outperform” rating in a research note on Thursday, December 4th. UBS Group boosted their target price on shares of NU from $16.00 to $18.40 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Zacks Research upgraded shares of NU from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. Weiss Ratings upgraded shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Finally, Susquehanna boosted their price objective on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, NU has a consensus rating of “Moderate Buy” and a consensus target price of $18.34.

NU Company Profile

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.