Virtu Financial LLC Sells 84,641 Shares of Nu Holdings Ltd. (NYSE:NU)

Virtu Financial LLC lessened its position in Nu Holdings Ltd. (NYSE:NU) by 72.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 32,731 shares of the company’s stock after selling 84,641 shares during the period. Virtu Financial LLC’s holdings in NU were worth $447,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NU. Fisher Asset Management LLC bought a new stake in NU during the 3rd quarter valued at about $98,704,000. Thrivent Financial for Lutherans lifted its holdings in NU by 23.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock valued at $3,517,000 after buying an additional 48,445 shares in the last quarter. Adero Partners LLC lifted its holdings in NU by 5.7% during the 3rd quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock valued at $65,784,000 after buying an additional 259,324 shares in the last quarter. Summit Partners Public Asset Management LLC lifted its holdings in NU by 20.0% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock valued at $4,095,000 after buying an additional 50,000 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its holdings in NU by 6.2% during the 3rd quarter. Royal London Asset Management Ltd. now owns 1,305,453 shares of the company’s stock valued at $17,819,000 after buying an additional 76,009 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Stock Down 0.4 %

Shares of NU stock opened at $11.94 on Monday. The firm’s 50 day moving average price is $13.90 and its 200-day moving average price is $13.38. 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 $8.06 and a 52-week high of $16.15. The company has a market cap of $56.91 billion, a P/E ratio of 33.17, a PEG ratio of 0.61 and a beta of 0.99.

Wall Street Analysts Forecast Growth

NU has been the subject of a number of research analyst reports. Susquehanna lifted their price objective on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $14.60 to $11.00 in a report on Monday, December 2nd. Bank of America raised their target price on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. The Goldman Sachs Group raised their target price on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, KeyCorp raised 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $15.63.

NU 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.