Paradice Investment Management LLC Buys New Shares in Nu Holdings Ltd. (NYSE:NU)

Paradice Investment Management LLC purchased a new stake in Nu Holdings Ltd. (NYSE:NU) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,696 shares of the company’s stock, valued at approximately $111,000. NU makes up about 0.0% of Paradice Investment Management LLC’s portfolio, making the stock its 24th biggest position.

Several other large investors have also recently added to or reduced their stakes in NU. State Street Corp boosted its holdings in NU by 105.9% in the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after purchasing an additional 40,560,986 shares during the period. Baillie Gifford & Co. increased its position in shares of NU by 13.0% during the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after purchasing an additional 24,140,416 shares in the last quarter. Geode Capital Management LLC increased its position in NU by 104.3% in the 3rd quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after acquiring an additional 16,638,397 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in NU by 458.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock valued at $193,111,000 after acquiring an additional 11,613,191 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in NU by 122.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company’s stock valued at $165,850,000 after acquiring an additional 8,806,495 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on NU shares. Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. The Goldman Sachs Group lifted their price objective on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and cut their price target for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Susquehanna lifted their price target on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Finally, KeyCorp lifted their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $15.63.

NU Price Performance

NYSE:NU opened at $13.70 on Tuesday. Nu Holdings Ltd. has a one year low of $9.67 and a one year high of $16.15. The company has a market cap of $65.27 billion, a P/E ratio of 38.04, a P/E/G ratio of 0.49 and a beta of 1.10. The firm’s fifty day moving average price is $11.86 and its two-hundred day moving average price is $13.21. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44.

NU Company Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.