Nu Holdings Ltd. (NYSE:NU) Holdings Lowered by Comprehensive Financial Management LLC

Comprehensive Financial Management LLC reduced its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 15.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,400,282 shares of the company’s stock after selling 800,000 shares during the quarter. NU accounts for 1.7% of Comprehensive Financial Management LLC’s holdings, making the stock its 6th largest position. Comprehensive Financial Management LLC’s holdings in NU were worth $60,064,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Baillie Gifford & Co. boosted its stake in shares of NU by 13.0% during the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after acquiring an additional 24,140,416 shares in the last quarter. Jennison Associates LLC boosted its position in NU by 7.1% during the third quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock worth $1,320,705,000 after purchasing an additional 6,435,526 shares in the last quarter. FMR LLC grew its holdings in NU by 16.4% in the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock valued at $843,596,000 after purchasing an additional 8,728,833 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of NU by 10.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 19,976,979 shares of the company’s stock valued at $272,686,000 after buying an additional 1,828,143 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of NU by 23.0% during the 2nd quarter. Sei Investments Co. now owns 18,927,977 shares of the company’s stock worth $243,982,000 after buying an additional 3,544,124 shares during the period. 80.90% of the stock is owned by institutional investors and hedge funds.

NU Stock Down 7.4 %

NYSE NU opened at $12.53 on Monday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 52 week low of $8.04 and a 52 week high of $16.15. The business’s fifty day simple moving average is $14.28 and its 200-day simple moving average is $13.36. The firm has a market cap of $59.72 billion, a PE ratio of 34.81, a P/E/G ratio of 0.61 and a beta of 1.13.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Susquehanna lifted their price target on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. The Goldman Sachs Group boosted their target price 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. JPMorgan Chase & Co. raised their price target on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. KeyCorp increased their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, Barclays lifted their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, NU has a consensus rating of “Moderate Buy” and an average price target of $16.21.

About NU

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.