Assenagon Asset Management S.A. Has $165.85 Million Stock Position in Nu Holdings Ltd. (NYSE:NU)

Assenagon Asset Management S.A. raised its stake in Nu Holdings Ltd. (NYSE:NU) by 122.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,008,683 shares of the company’s stock after acquiring an additional 8,806,495 shares during the quarter. Assenagon Asset Management S.A.’s holdings in NU were worth $165,850,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. William Marsh Rice University acquired a new stake in shares of NU during the fourth quarter worth $607,000. AdvisorNet Financial Inc raised its stake in NU by 85.8% in the 4th quarter. AdvisorNet Financial Inc now owns 42,612 shares of the company’s stock worth $441,000 after purchasing an additional 19,675 shares in the last quarter. Matrix Trust Co bought a new stake in NU in the 4th quarter valued at about $143,000. West Oak Capital LLC bought a new position in shares of NU during the fourth quarter worth approximately $837,000. Finally, Graypoint LLC bought a new stake in shares of NU in the fourth quarter valued at approximately $6,775,000. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NU has been the topic of a number of analyst reports. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. KeyCorp increased their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. The Goldman Sachs Group increased 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. Finally, Susquehanna boosted their target price on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NU has a consensus rating of “Hold” and an average target price of $15.63.

NU Price Performance

Shares of NYSE:NU opened at $10.92 on Wednesday. The firm has a 50 day simple moving average of $12.28 and a 200 day simple moving average of $13.19. The company has a market cap of $52.04 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 0.59 and a beta of 1.05. Nu Holdings Ltd. has a one year low of $8.51 and a one year high of $16.15. 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. 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.