Nu Holdings Ltd. (NYSE:NU) Shares Purchased by M&T Bank Corp

M&T Bank Corp raised its stake in Nu Holdings Ltd. (NYSE:NU) by 4.2% in the third quarter, HoldingsChannel.com reports. The fund owned 417,467 shares of the company’s stock after buying an additional 16,812 shares during the quarter. M&T Bank Corp’s holdings in NU were worth $5,698,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its position in shares of NU by 41.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 325,230 shares of the company’s stock worth $4,192,000 after acquiring an additional 95,412 shares during the last quarter. ORG Partners LLC bought a new position in NU in the 2nd quarter worth about $54,000. AdvisorNet Financial Inc increased its stake in shares of NU by 482.4% in the second quarter. AdvisorNet Financial Inc now owns 18,870 shares of the company’s stock valued at $243,000 after purchasing an additional 15,630 shares during the period. Blue Trust Inc. raised its holdings in shares of NU by 207.7% during the second quarter. Blue Trust Inc. now owns 30,639 shares of the company’s stock valued at $366,000 after buying an additional 20,680 shares during the last quarter. Finally, Raymond James & Associates boosted its position in shares of NU by 19.9% during the second quarter. Raymond James & Associates now owns 462,694 shares of the company’s stock worth $5,964,000 after buying an additional 76,880 shares during the period. 84.02% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. raised their price target on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Barclays upped their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and lowered their target price for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Finally, The Goldman Sachs Group upped their price target 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. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $15.63.

NU Price Performance

Shares of NYSE:NU opened at $11.99 on Friday. The firm has a market cap of $57.14 billion, a price-to-earnings ratio of 33.31, a P/E/G ratio of 0.61 and a beta of 0.99. Nu Holdings Ltd. has a 1 year low of $8.06 and a 1 year high of $16.15. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $13.93 and a 200 day simple moving average of $13.36.

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.