BTG Pactual Global Asset Management Ltd Has $5.97 Million Holdings in Nu Holdings Ltd. (NYSE:NU)

BTG Pactual Global Asset Management Ltd lifted its holdings in Nu Holdings Ltd. (NYSE:NU) by 66.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 756,891 shares of the company’s stock after purchasing an additional 301,497 shares during the period. NU accounts for approximately 1.3% of BTG Pactual Global Asset Management Ltd’s portfolio, making the stock its 11th biggest holding. BTG Pactual Global Asset Management Ltd’s holdings in NU were worth $5,972,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Frank Rimerman Advisors LLC bought a new position in shares of NU in the first quarter worth about $358,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in NU by 7.6% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 44,256 shares of the company’s stock valued at $211,000 after acquiring an additional 3,117 shares during the period. VELT Partners Investimentos Ltda. bought a new position in NU during the second quarter valued at about $2,821,000. Renaissance Capital LLC increased its stake in NU by 34.0% during the second quarter. Renaissance Capital LLC now owns 910,815 shares of the company’s stock valued at $7,186,000 after acquiring an additional 231,141 shares during the period. Finally, TPG Financial Advisors LLC increased its stake in NU by 57.1% during the second quarter. TPG Financial Advisors LLC now owns 112,937 shares of the company’s stock valued at $891,000 after acquiring an additional 41,068 shares during the period. 53.73% of the stock is currently owned by institutional investors.

NU Price Performance

Shares of NU traded up $0.22 on Friday, hitting $8.07. The company’s stock had a trading volume of 68,529,238 shares, compared to its average volume of 30,058,772. The company has a market capitalization of $37.89 billion, a PE ratio of 100.89 and a beta of 1.08. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.31 and a quick ratio of 0.47. Nu Holdings Ltd. has a fifty-two week low of $3.39 and a fifty-two week high of $8.87. The company has a 50 day moving average price of $7.73 and a 200 day moving average price of $7.41.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NU shares. JPMorgan Chase & Co. upgraded NU from a “neutral” rating to an “overweight” rating and set a $9.00 price target on the stock in a research note on Monday, September 11th. KeyCorp lifted their price objective on NU from $9.00 to $10.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Bank of America lifted their price objective on NU from $8.30 to $8.50 in a report on Tuesday, September 19th. Jefferies Financial Group assumed coverage on NU in a report on Monday, October 16th. They set a “buy” rating and a $10.80 price objective on the stock. Finally, New Street Research downgraded NU from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $8.25 to $8.10 in a report on Thursday, October 5th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, NU presently has an average rating of “Moderate Buy” and a consensus target price of $8.80.

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.