Intech Investment Management LLC Has $1.56 Million Stock Position in Nu Holdings Ltd. (NYSE:NU)

Intech Investment Management LLC boosted its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 5.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 114,577 shares of the company’s stock after buying an additional 5,537 shares during the period. Intech Investment Management LLC’s holdings in NU were worth $1,564,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NU. Hamilton Lane Advisors LLC raised its position in NU by 97.8% during the first quarter. Hamilton Lane Advisors LLC now owns 500,791 shares of the company’s stock valued at $5,974,000 after buying an additional 247,642 shares during the period. Vanguard Group Inc. raised its position in NU by 3.7% during the first quarter. Vanguard Group Inc. now owns 9,593,217 shares of the company’s stock valued at $114,447,000 after buying an additional 343,114 shares during the period. Advisors Asset Management Inc. grew its stake in NU by 34.2% in the first quarter. Advisors Asset Management Inc. now owns 30,314 shares of the company’s stock valued at $362,000 after purchasing an additional 7,717 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in NU in the first quarter valued at about $17,204,000. Finally, Adalta Capital Management LLC grew its stake in NU by 5.0% in the first quarter. Adalta Capital Management LLC now owns 66,225 shares of the company’s stock valued at $790,000 after purchasing an additional 3,125 shares in the last quarter. 80.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. Bank of America boosted their target price on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Susquehanna boosted their target price on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Barclays boosted their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. KeyCorp boosted their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group boosted their target price on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, NU has an average rating of “Moderate Buy” and a consensus target price of $16.21.

NU Stock Performance

NU opened at $14.22 on Tuesday. The company has a market cap of $67.77 billion, a PE ratio of 39.50, a price-to-earnings-growth ratio of 0.63 and a beta of 1.13. The stock has a 50-day moving average of $14.40 and a 200-day moving average of $13.32. Nu Holdings Ltd. has a 52-week low of $8.04 and a 52-week high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

About NU

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.