Syon Capital LLC Purchases 57,071 Shares of Nu Holdings Ltd. $NU

Syon Capital LLC grew its holdings in Nu Holdings Ltd. (NYSE:NU) by 330.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,318 shares of the company’s stock after acquiring an additional 57,071 shares during the quarter. Syon Capital LLC’s holdings in NU were worth $1,190,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NU. Norges Bank acquired a new position in NU during the 2nd quarter worth approximately $626,569,000. Jennison Associates LLC boosted its holdings in NU by 38.1% during the second 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. Assenagon Asset Management S.A. grew its position in NU by 91.9% in the third quarter. Assenagon Asset Management S.A. now owns 16,101,679 shares of the company’s stock valued at $257,788,000 after purchasing an additional 7,709,707 shares in the last quarter. Marshall Wace LLP increased its stake in NU by 106.3% in the 2nd quarter. Marshall Wace LLP now owns 14,691,671 shares of the company’s stock valued at $201,570,000 after buying an additional 7,569,233 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in NU by 50,169.4% during the 2nd quarter. Los Angeles Capital Management LLC now owns 7,471,039 shares of the company’s stock worth $102,503,000 after buying an additional 7,456,177 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

NU Trading Up 0.1%

Shares of NYSE:NU opened at $17.35 on Friday. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $18.98. The business has a 50 day moving average of $17.17 and a 200-day moving average of $15.94. 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 market cap of $83.58 billion, a PE ratio of 34.03, a P/E/G ratio of 0.56 and a beta of 1.08.

Analyst Ratings Changes

NU has been the subject of several analyst reports. Susquehanna raised their price objective on NU from $19.00 to $22.00 and gave the company a “positive” rating in a report on Tuesday, January 27th. UBS Group boosted their price target on NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. The Goldman Sachs Group reissued a “buy” rating and issued a $21.00 price objective on shares of NU in a report on Thursday, December 18th. Weiss Ratings upgraded shares of NU from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, KeyCorp increased their price target on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. 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 company. According to data from MarketBeat, NU currently has a consensus rating of “Moderate Buy” and an average target price of $18.34.

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.