Nu Holdings Ltd. (NYSE:NU) Stake Increased by Maverick Capital Ltd.

Maverick Capital Ltd. raised its position in shares of Nu Holdings Ltd. (NYSE:NU) by 1.8% in the third quarter, Holdings Channel reports. The firm owned 12,118,901 shares of the company’s stock after acquiring an additional 213,672 shares during the quarter. NU accounts for 3.2% of Maverick Capital Ltd.’s holdings, making the stock its 8th biggest holding. Maverick Capital Ltd.’s holdings in NU were worth $165,423,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NU. Massmutual Trust Co. FSB ADV increased its holdings in NU by 287.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after buying an additional 1,422 shares in the last quarter. GAMMA Investing LLC grew its stake 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 acquiring an additional 815 shares during the period. Carolina Wealth Advisors LLC purchased a new position in shares of NU during the third quarter valued at approximately $44,000. ORG Partners LLC bought a new position in NU during the second quarter valued at approximately $54,000. Finally, Toth Financial Advisory Corp purchased a new stake in NU in the third quarter worth approximately $55,000. 80.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on NU. Bank of America increased their price target on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. KeyCorp increased their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. UBS Group downgraded NU from a “buy” rating to a “neutral” rating and set a $13.50 price target for the company. in a research note on Friday, August 2nd. Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group raised their price objective on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.21.

NU Trading Down 7.3 %

NU stock opened at $12.54 on Friday. 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 $8.04 and a 12-month high of $16.15. The firm has a market capitalization of $59.76 billion, a price-to-earnings ratio of 34.83, a P/E/G ratio of 0.66 and a beta of 1.13. The firm has a 50 day moving average of $14.32 and a 200 day moving average of $13.34.

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.