Sava Infond d.o.o. Has $3.05 Million Holdings in Nu Holdings Ltd. $NU

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

A number of other hedge funds and other institutional investors have also bought and sold shares of NU. Rathbones Group PLC grew its holdings in NU by 119.0% during the 2nd quarter. Rathbones Group PLC now owns 147,590 shares of the company’s stock worth $2,025,000 after acquiring an additional 80,200 shares during the period. Itau Unibanco Holding S.A. bought a new stake in shares of NU during the 2nd quarter valued at about $39,848,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of NU by 14.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,695,159 shares of the company’s stock valued at $219,259,000 after purchasing an additional 1,703,787 shares in the last quarter. Washington University grew its stake in NU by 1.5% during the third quarter. Washington University now owns 10,566,927 shares of the company’s stock worth $169,177,000 after purchasing an additional 158,731 shares during the period. Finally, Mawer Investment Management Ltd. bought a new stake in NU in the third quarter worth approximately $10,829,000. Institutional investors own 84.02% of the company’s stock.

NU Stock Up 1.3%

NU stock opened at $17.55 on Friday. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two 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 50-day simple moving average is $17.18 and its 200 day simple moving average is $15.98. The stock has a market cap of $84.55 billion, a PE ratio of 34.40, a price-to-earnings-growth ratio of 0.56 and a beta of 1.08.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NU shares. Susquehanna increased their price target on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday, January 27th. Zacks Research upgraded shares of NU from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. The Goldman Sachs Group restated a “buy” rating and issued a $21.00 price target on shares of NU in a report on Thursday, December 18th. 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 research note on Thursday, November 20th. Finally, Santander raised shares of NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.