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

Comprehensive Financial Management LLC decreased its holdings in Nu Holdings Ltd. (NYSE:NU) by 15.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,400,282 shares of the company’s stock after selling 800,000 shares during the period. NU comprises approximately 1.7% of Comprehensive Financial Management LLC’s holdings, making the stock its 6th largest holding. Comprehensive Financial Management LLC owned approximately 0.09% of NU worth $60,064,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV lifted its stake in NU by 287.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after acquiring an additional 1,422 shares during the period. GAMMA Investing LLC boosted its holdings in shares of 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 in the last quarter. Carolina Wealth Advisors LLC purchased a new position in shares of NU in the 3rd quarter worth approximately $44,000. ORG Partners LLC bought a new position in shares of NU during the 2nd quarter worth approximately $54,000. Finally, Toth Financial Advisory Corp acquired a new stake in NU in the third quarter valued at approximately $55,000. Institutional investors own 80.90% of the company’s stock.

NU Stock Performance

Shares of NYSE NU opened at $12.53 on Monday. The company has a 50 day simple moving average of $14.28 and a two-hundred day simple moving average of $13.36. The stock has a market cap of $59.72 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 0.61 and a beta of 1.13. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 12 month low of $8.04 and a 12 month high of $16.15.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NU. The Goldman Sachs Group upped their price target on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Barclays increased their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. increased their price objective on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Finally, Bank of America boosted their target price on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, NU has an average rating of “Moderate Buy” and an average price target of $16.21.

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.