Nu Holdings Ltd. (NYSE:NU) Position Cut by Perpetual Ltd

Perpetual Ltd lowered its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 10.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,557,665 shares of the company’s stock after selling 801,663 shares during the period. Perpetual Ltd’s holdings in NU were worth $67,937,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of NU. Amalgamated Bank boosted its holdings in shares of NU by 45.5% in the second quarter. Amalgamated Bank now owns 215,062 shares of the company’s stock valued at $2,772,000 after acquiring an additional 67,216 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of NU by 16.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 34,481 shares of the company’s stock valued at $444,000 after purchasing an additional 4,956 shares during the period. Blair William & Co. IL acquired a new stake in shares of NU in the second quarter valued at $339,000. Intech Investment Management LLC boosted its stake in NU by 13.0% during the second quarter. Intech Investment Management LLC now owns 109,040 shares of the company’s stock valued at $1,406,000 after buying an additional 12,527 shares in the last quarter. Finally, HighVista Strategies LLC grew its holdings in NU by 20.5% during the second quarter. HighVista Strategies LLC now owns 121,061 shares of the company’s stock worth $1,560,000 after acquiring an additional 20,600 shares during the period. Institutional investors own 84.02% of the company’s stock.

Wall Street Analysts Forecast Growth

NU has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price target on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. KeyCorp lifted their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and cut their price objective for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Finally, Susquehanna lifted their price target on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $15.63.

NU Stock Up 2.3 %

NYSE:NU opened at $11.54 on Tuesday. The business’s fifty day moving average price is $11.97 and its 200 day moving average price is $13.17. The firm has a market capitalization of $54.98 billion, a price-to-earnings ratio of 32.04, a PEG ratio of 0.41 and a beta of 1.05. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 1-year low of $8.51 and a 1-year high of $16.15.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.