On Friday we watched Nu rise 2.3% to a price of $4.46 per share. The large-cap Diversified Banking company is now trading -38.99% below its average target price of $7.31. Analysts have set target prices ranging from $3.3 to $12.4 per share for Nu, and have given the stock an average rating of buy.
Nu's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 4.2%. The stock's short ratio is 3.01. The company's insiders own 8.8% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 65.9%. In conclusion, we believe there is positive market sentiment regarding Nu.
Institutions Invested in Nu
| Holder | Shares | Date Reported | Percentage | Value |
|---|---|---|---|---|
| Sc Us (ttgp), Ltd. | 546,382,407 | 2022-09-29 | 15.79% | $2,436,865,556.00 |
| Galileo (PTC) Ltd | 415,539,300 | 2022-09-29 | 12.01% | $1,853,305,293.00 |
| Berkshire Hathaway, Inc | 107,118,784 | 2022-09-29 | 3.10% | $477,749,780.00 |
| Jennison Associates LLC | 94,293,389 | 2022-09-29 | 2.73% | $420,548,518.00 |
| Baillie Gifford and Company | 87,235,018 | 2022-09-29 | 2.52% | $389,068,183.00 |
| Capital Research Global Investors | 78,680,485 | 2022-09-29 | 2.27% | $350,914,966.00 |
| Technology Crossover Management X, Ltd. | 71,361,950 | 2022-09-29 | 2.06% | $318,274,299.00 |
| Artisan Partners Limited Partnership | 59,686,104 | 2022-09-29 | 1.73% | $266,200,026.00 |
| JP Morgan Chase & Company | 54,286,316 | 2022-09-29 | 1.57% | $242,116,971.00 |
| Morgan Stanley | 50,452,626 | 2022-09-29 | 1.46% | $225,018,713.00 |
Top Mutual Funds Invested in Nu
| Holder | Shares | Date Reported | Percentage | Value |
|---|---|---|---|---|
| Vanguard International Growth Fund | 41,521,004 | 2022-08-30 | 1.20% | $185,183,679.00 |
| Invesco Developing Markets Fund | 36,875,700 | 2022-07-30 | 1.07% | $164,465,623.00 |
| Europacific Growth Fund | 29,979,844 | 2022-09-29 | 0.87% | $133,710,105.00 |
| New World Fund, Inc. | 29,915,583 | 2022-09-29 | 0.86% | $133,423,501.00 |
| PGIM Jennison Global Opportunities Fd | 23,794,365 | 2022-09-29 | 0.69% | $106,122,868.00 |
| PGIM Jennison International Opportunities Fd | 19,153,636 | 2022-09-29 | 0.55% | $85,425,217.00 |
| JP Morgan Emerging Markets Equity Fund | 18,843,647 | 2022-07-30 | 0.54% | $84,042,666.00 |
| Growth Fund Of America Inc | 14,750,792 | 2022-09-29 | 0.43% | $65,788,532.00 |
| Artisan Developing World Fund | 14,433,503 | 2022-09-29 | 0.42% | $64,373,423.00 |
| Touchstone Strategic Tr-Touchstone Sands Cap Emerging Markets Grw Fd | 11,095,039 | 2022-09-29 | 0.32% | $49,483,874.00 |
