HighVista Strategies LLC Decreases Stock Position in Nu Holdings Ltd. (NYSE:NU)

HighVista Strategies LLC lowered its position in shares of Nu Holdings Ltd. (NYSE:NU) by 3.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,761 shares of the company’s stock after selling 4,300 shares during the period. HighVista Strategies LLC’s holdings in NU were worth $1,594,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV grew its stake 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 purchasing an additional 1,422 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of NU by 56.2% during 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 acquired a new stake in shares of NU during the third quarter worth approximately $44,000. ORG Partners LLC acquired a new stake in shares of NU during the second quarter worth approximately $54,000. Finally, Toth Financial Advisory Corp bought a new stake in shares of NU in the third quarter worth $55,000. 80.90% of the stock is owned by institutional investors and hedge funds.

NU Trading Down 4.2 %

NU stock opened at $12.00 on Tuesday. Nu Holdings Ltd. has a 52-week low of $8.06 and a 52-week high of $16.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $57.19 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 0.61 and a beta of 0.99. The firm has a 50-day moving average price of $14.28 and a two-hundred day moving average price of $13.37.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NU shares. The Goldman Sachs Group raised their price objective 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 price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Citigroup lowered NU from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $14.60 to $11.00 in a report on Monday. Bank of America upped their price objective on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Finally, Barclays lifted their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, NU currently has an average rating of “Hold” and a consensus price target of $15.63.

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.