Skandinaviska Enskilda Banken AB publ Acquires 872,564 Shares of Nu Holdings Ltd. $NU

Skandinaviska Enskilda Banken AB publ raised its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 148.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,458,900 shares of the company’s stock after acquiring an additional 872,564 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in NU were worth $23,350,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Southeast Asset Advisors LLC purchased a new stake in shares of NU during the 3rd quarter worth $680,000. Vanguard Group Inc. boosted its position in shares of NU by 7.9% in the 3rd quarter. Vanguard Group Inc. now owns 23,777,440 shares of the company’s stock worth $380,677,000 after purchasing an additional 1,733,428 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of NU by 9.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 2,069,304 shares of the company’s stock worth $33,130,000 after acquiring an additional 183,447 shares during the last quarter. Shell Asset Management Co. grew its position in NU by 88.3% during the 3rd quarter. Shell Asset Management Co. now owns 119,174 shares of the company’s stock worth $1,908,000 after purchasing an additional 55,885 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in shares of NU by 1.8% in the 3rd quarter. HighTower Advisors LLC now owns 914,611 shares of the company’s stock valued at $14,643,000 after acquiring an additional 15,749 shares during the period. 84.02% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NU has been the topic of a number of recent research reports. UBS Group upped their target price on NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. 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. Susquehanna raised their price target on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research note on Tuesday, January 27th. Zacks Research raised NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. Finally, KeyCorp raised their price target on shares of NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.34.

NU Trading Up 0.2%

NYSE:NU opened at $16.86 on Wednesday. Nu Holdings Ltd. has a 52-week low of $9.01 and a 52-week high of $18.98. The company has a market capitalization of $81.24 billion, a PE ratio of 33.06, a price-to-earnings-growth ratio of 0.55 and a beta of 1.08. 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 stock has a fifty day simple moving average of $17.15 and a 200-day simple moving average of $15.92.

NU 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.