Sava Infond d.o.o. Boosts Stock Position in Nu Holdings Ltd. $NU

Sava Infond d.o.o. grew its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 217.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 190,700 shares of the company’s stock after purchasing an additional 130,700 shares during the quarter. Sava Infond d.o.o.’s holdings in NU were worth $3,053,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. State Street Corp boosted its holdings in shares of NU by 2.4% in the 2nd quarter. State Street Corp now owns 91,238,735 shares of the company’s stock worth $1,251,795,000 after buying an additional 2,158,037 shares during the last quarter. WCM Investment Management LLC raised its position in NU by 0.9% in the third quarter. WCM Investment Management LLC now owns 74,478,698 shares of the company’s stock worth $1,187,935,000 after acquiring an additional 659,526 shares during the period. Sands Capital Management LLC boosted its stake in NU by 5.9% in the second quarter. Sands Capital Management LLC now owns 54,504,428 shares of the company’s stock valued at $747,801,000 after acquiring an additional 3,060,463 shares during the last quarter. Norges Bank bought a new position in shares of NU during the 2nd quarter valued at approximately $626,569,000. Finally, Jennison Associates LLC increased its stake in shares of NU by 38.1% during the 2nd quarter. Jennison Associates LLC now owns 41,962,679 shares of the company’s stock worth $575,728,000 after purchasing an additional 11,567,865 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors.

NU Stock Up 1.3%

Shares of NYSE NU opened at $17.55 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. The company has a market cap of $84.55 billion, a P/E ratio of 34.40, a P/E/G ratio of 0.56 and a beta of 1.08. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $18.98. The business has a 50-day simple moving average of $17.18 and a two-hundred day simple moving average of $15.98.

Analyst Ratings Changes

Several equities analysts recently commented on the company. KeyCorp upped their price objective on NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. JPMorgan Chase & Co. lifted their price objective on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. UBS Group upped their price objective on shares of NU from $16.00 to $18.40 and gave the company a “neutral” rating in a report on Thursday, December 4th. The Goldman Sachs Group reiterated a “buy” rating and set a $21.00 target price on shares of NU in a research report on Thursday, December 18th. Finally, Zacks Research raised shares of NU from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock 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.