Nu Holdings Ltd. (NYSE:NU) Stock Holdings Increased by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in Nu Holdings Ltd. (NYSE:NU) by 315.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,153,464 shares of the company’s stock after purchasing an additional 876,039 shares during the quarter. Principal Financial Group Inc.’s holdings in NU were worth $15,745,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Bank of New York Mellon Corp increased its stake in shares of NU by 33.9% during the second quarter. Bank of New York Mellon Corp now owns 5,832,111 shares of the company’s stock valued at $75,176,000 after acquiring an additional 1,476,325 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in NU by 64.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 14,536 shares of the company’s stock worth $187,000 after acquiring an additional 5,695 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in NU by 9.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 351,523 shares of the company’s stock worth $4,531,000 after acquiring an additional 31,096 shares in the last quarter. HB Wealth Management LLC acquired a new stake in NU during the second quarter valued at approximately $140,000. Finally, Crossmark Global Holdings Inc. boosted its holdings in NU by 1.4% during the second quarter. Crossmark Global Holdings Inc. now owns 161,018 shares of the company’s stock worth $2,076,000 after buying an additional 2,255 shares in the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NU shares. Bank of America lifted their target price on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. 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 report on Monday, December 2nd. KeyCorp lifted their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Finally, Susquehanna upped their price target on shares of NU from $16.00 to $18.00 and gave the stock a “positive” 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 given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $15.63.

NU Stock Down 0.3 %

Shares of NU stock opened at $10.33 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $13.25 and a two-hundred day moving average price of $13.28. The stock has a market capitalization of $49.23 billion, a P/E ratio of 28.69, a PEG ratio of 0.59 and a beta of 0.99. Nu Holdings Ltd. has a 12-month low of $8.06 and a 12-month high of $16.15.

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.