Berkshire Hathaway Inc Lowers Holdings in Nu Holdings Ltd. (NYSE:NU)

Berkshire Hathaway Inc lowered its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 19.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 86,438,997 shares of the company’s stock after selling 20,679,787 shares during the quarter. NU comprises 0.4% of Berkshire Hathaway Inc’s portfolio, making the stock its 20th largest holding. Berkshire Hathaway Inc’s holdings in NU were worth $1,179,892,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV raised its holdings in NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after buying an additional 1,422 shares during the period. GAMMA Investing LLC grew its holdings in shares of NU by 56.2% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after purchasing an additional 815 shares during the last quarter. Carolina Wealth Advisors LLC bought a new stake in NU during the 3rd quarter valued at about $44,000. Toth Financial Advisory Corp bought a new stake in NU during the 3rd quarter valued at about $55,000. Finally, ORG Partners LLC purchased a new stake in NU in the 2nd quarter valued at about $54,000. 80.90% of the stock is owned by hedge funds and other institutional investors.

NU Price Performance

NYSE NU opened at $12.53 on Monday. The firm’s fifty day simple moving average is $14.28 and its two-hundred day simple moving average is $13.36. The firm has a market capitalization of $59.72 billion, a P/E ratio of 34.81, a P/E/G 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 Analysts Forecast Growth

Several analysts have recently weighed in on NU shares. Barclays lifted their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Bank of America lifted their target price on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Susquehanna increased their price target on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. increased their target price on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently 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.