Nu Holdings Ltd. (NYSE:NU) Holdings Cut by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC reduced its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 8.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 451,404 shares of the company’s stock after selling 43,361 shares during the period. Exchange Traded Concepts LLC’s holdings in NU were worth $4,677,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of NU. Massmutual Trust Co. FSB ADV increased its stake in shares of NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after purchasing an additional 1,422 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new position in NU during the third quarter worth $44,000. Toth Financial Advisory Corp bought a new position in NU during the third quarter valued at about $55,000. GAMMA Investing LLC lifted its position in shares of NU by 81.9% in 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 during the last quarter. Finally, Huntington National Bank boosted its stake in shares of NU by 86.3% during the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock worth $63,000 after acquiring an additional 2,131 shares in the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

NU Price Performance

NU stock opened at $12.35 on Friday. 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 12-month low of $8.51 and a 12-month high of $16.15. The stock has a market cap of $58.84 billion, a price-to-earnings ratio of 34.29, a P/E/G ratio of 0.43 and a beta of 1.05. The business’s 50-day simple moving average is $11.71 and its 200 day simple moving average is $13.14.

Analyst Ratings Changes

Several research analysts recently commented on NU shares. 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. KeyCorp increased their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Susquehanna upped their price target on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Finally, Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, NU presently has a consensus rating of “Hold” and an average target price of $15.63.

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.