MML Investors Services LLC Sells 2,059 Shares of Nu Holdings Ltd. (NYSE:NU)

MML Investors Services LLC trimmed its position in shares of Nu Holdings Ltd. (NYSE:NU) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,602 shares of the company’s stock after selling 2,059 shares during the period. MML Investors Services LLC’s holdings in NU were worth $1,619,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Marcum Wealth LLC grew its position in NU by 2.5% during the third quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock worth $508,000 after buying an additional 903 shares in the last quarter. Americana Partners LLC grew its position in NU by 7.8% during the second quarter. Americana Partners LLC now owns 15,449 shares of the company’s stock worth $199,000 after buying an additional 1,115 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in NU by 4.9% during the third quarter. OneDigital Investment Advisors LLC now owns 26,477 shares of the company’s stock worth $361,000 after buying an additional 1,248 shares in the last quarter. Gateway Advisory LLC grew its position in NU by 2.1% during the second quarter. Gateway Advisory LLC now owns 69,255 shares of the company’s stock worth $893,000 after buying an additional 1,419 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its position in NU by 287.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after buying an additional 1,422 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.

NU Stock Performance

NYSE:NU opened at $11.70 on Wednesday. Nu Holdings Ltd. has a 1 year low of $8.06 and a 1 year high of $16.15. The firm has a 50 day moving average of $13.84 and a 200-day moving average of $13.38. 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 stock has a market capitalization of $55.76 billion, a P/E ratio of 32.50, a price-to-earnings-growth ratio of 0.59 and a beta of 0.99.

Analyst Ratings Changes

NU has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. KeyCorp raised their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Bank of America raised their price target on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Finally, Susquehanna raised 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.63.

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.