Lansforsakringar Fondforvaltning AB publ Raises Position in Nu Holdings Ltd. $NU

Lansforsakringar Fondforvaltning AB publ lifted its stake in Nu Holdings Ltd. (NYSE:NU) by 12.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 655,224 shares of the company’s stock after purchasing an additional 71,933 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in NU were worth $10,490,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Quaker Wealth Management LLC increased its position in NU by 212.7% in the second quarter. Quaker Wealth Management LLC now owns 2,300 shares of the company’s stock worth $32,000 after buying an additional 4,341 shares in the last quarter. Allworth Financial LP lifted its position in shares of NU by 166.6% during the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $35,000 after buying an additional 1,601 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of NU during the 2nd quarter valued at approximately $38,000. EverSource Wealth Advisors LLC grew its stake in shares of NU by 63.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,768 shares of the company’s stock valued at $52,000 after acquiring an additional 1,464 shares during the period. Finally, Center for Financial Planning Inc. purchased a new stake in NU in the 2nd quarter worth approximately $52,000. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NU has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of NU from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Zacks Research upgraded shares of NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. KeyCorp upped their target price on shares of NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Susquehanna raised their price target on NU from $19.00 to $22.00 and gave the company a “positive” rating in a report on Tuesday, January 27th. Finally, UBS Group upped their price objective on NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.34.

NU Stock Performance

Shares of NYSE NU opened at $16.16 on Tuesday. The company has a market cap of $77.86 billion, a P/E ratio of 31.68, a P/E/G ratio of 0.57 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 company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.56. The firm’s fifty day moving average is $17.17 and its two-hundred day moving average is $16.06.

About NU

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.