Dynamo Administracao de Recursos Ltda. Cuts Position in Nu Holdings Ltd. (NYSE:NU)

Dynamo Administracao de Recursos Ltda. lessened its holdings in Nu Holdings Ltd. (NYSE:NU) by 97.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,611 shares of the company’s stock after selling 986,631 shares during the quarter. NU accounts for approximately 15.9% of Dynamo Administracao de Recursos Ltda.’s investment portfolio, making the stock its 2nd biggest holding. Dynamo Administracao de Recursos Ltda.’s holdings in NU were worth $377,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NU. Massmutual Trust Co. FSB ADV increased its holdings in shares of NU by 287.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after purchasing an additional 1,422 shares during the last quarter. GAMMA Investing LLC raised its holdings in NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after buying an additional 815 shares during the last quarter. Carolina Wealth Advisors LLC bought a new position in NU in the 3rd quarter valued at approximately $44,000. ORG Partners LLC bought a new position in NU in the 2nd quarter valued at approximately $54,000. Finally, Toth Financial Advisory Corp bought a new position in NU in the 3rd quarter valued at approximately $55,000. 80.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NU has been the subject of a number of recent analyst reports. KeyCorp increased their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. The Goldman Sachs Group raised their price objective on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Barclays raised their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Finally, UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a research note on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.21.

NU Trading Down 7.3 %

NYSE NU opened at $12.54 on Friday. The stock has a market capitalization of $59.76 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 0.66 and a beta of 1.13. Nu Holdings Ltd. has a one year low of $8.04 and a one year high of $16.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The business’s fifty day moving average is $14.32 and its 200-day moving average is $13.34.

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.