Equitable Trust Co. Has $1.93 Million Stake in Nu Holdings Ltd. (NYSE:NU)

Equitable Trust Co. trimmed its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 18.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 186,536 shares of the company’s stock after selling 41,119 shares during the period. Equitable Trust Co.’s holdings in NU were worth $1,933,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cetera Investment Advisers lifted its stake in shares of NU by 20.6% in the second quarter. Cetera Investment Advisers now owns 134,715 shares of the company’s stock valued at $1,736,000 after buying an additional 22,996 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of NU during the second quarter worth approximately $656,000. GAMMA Investing LLC increased its holdings in shares of NU by 81.9% during the third quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock worth $56,000 after buying an additional 1,855 shares in the last quarter. CHICAGO TRUST Co NA acquired a new stake in shares of NU during the third quarter worth approximately $137,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in shares of NU in the third quarter valued at approximately $396,000. 84.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NU shares. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and lowered their price target for the company from $14.60 to $11.00 in a report on Monday, December 2nd. KeyCorp lifted their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. The Goldman Sachs Group lifted their target price on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Finally, Susquehanna lifted their target price on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, NU presently has a consensus rating of “Hold” and a consensus price target of $15.63.

NU Trading Up 1.6 %

Shares of NYSE NU opened at $13.95 on Tuesday. The company’s fifty day moving average is $11.68 and its 200-day moving average is $13.15. The stock has a market cap of $66.48 billion, a price-to-earnings ratio of 38.75, a P/E/G ratio of 0.49 and a beta of 1.10. Nu Holdings Ltd. has a twelve month low of $9.54 and a twelve month high of $16.15. 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 Company Profile

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.