Cibc World Market Inc. Has $366,000 Stake in Nu Holdings Ltd. $NU

Cibc World Market Inc. lowered its position in Nu Holdings Ltd. (NYSE:NU) by 88.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,849 shares of the company’s stock after selling 171,207 shares during the quarter. Cibc World Market Inc.’s holdings in NU were worth $366,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NU. Caprock Group LLC bought a new stake in shares of NU in the 3rd quarter valued at about $209,000. Rhumbline Advisers lifted its position in shares of NU by 3.6% in the third quarter. Rhumbline Advisers now owns 3,653,949 shares of the company’s stock valued at $58,500,000 after buying an additional 127,489 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of NU by 35.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 73,378 shares of the company’s stock worth $1,175,000 after acquiring an additional 19,103 shares during the period. Madison Asset Management LLC acquired a new position in shares of NU during the 3rd quarter worth approximately $1,477,000. Finally, Investment Management Associates Inc. ADV bought a new stake in NU in the 3rd quarter valued at $7,978,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on NU. Santander upgraded shares of NU from a “neutral” rating to an “outperform” rating in a report on Thursday, December 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $21.00 target price on shares of NU in a report on Thursday, December 18th. UBS Group increased their price target on shares of NU from $16.00 to $18.40 and gave the company a “neutral” rating in a report on Thursday, December 4th. Zacks Research upgraded NU from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. Finally, Weiss Ratings raised NU from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.34.

NU Stock Performance

Shares of NYSE:NU opened at $17.31 on Friday. Nu Holdings Ltd. has a 12-month low of $9.01 and a 12-month high of $18.98. The company’s 50 day moving average price is $17.17 and its two-hundred day moving average price is $15.94. The firm has a market cap of $83.41 billion, a PE ratio of 33.94, a PEG ratio of 0.56 and a beta of 1.08. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29.

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.