Harbour Capital Advisors LLC Sells 2,875 Shares of Nu Holdings Ltd. (NYSE:NU)

Harbour Capital Advisors LLC cut its stake in Nu Holdings Ltd. (NYSE:NU) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,325 shares of the company’s stock after selling 2,875 shares during the period. Harbour Capital Advisors LLC’s holdings in NU were worth $804,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV lifted its holdings in NU by 287.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after buying an additional 1,422 shares during the period. Carolina Wealth Advisors LLC acquired a new position in shares of NU during the third quarter worth $44,000. Toth Financial Advisory Corp purchased a new stake in shares of NU during the 3rd quarter valued at $55,000. GAMMA Investing LLC boosted its position in shares of NU by 81.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock worth $56,000 after purchasing an additional 1,855 shares in the last quarter. Finally, Huntington National Bank increased its position in NU by 86.3% during the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after buying an additional 2,131 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Performance

Shares of NYSE:NU traded up $0.07 during trading on Monday, hitting $11.02. 21,538,150 shares of the stock traded hands, compared to its average volume of 26,277,426. 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 company has a fifty day moving average price of $12.42 and a two-hundred day moving average price of $13.22. Nu Holdings Ltd. has a 52-week low of $8.51 and a 52-week high of $16.15. The company has a market cap of $52.52 billion, a price-to-earnings ratio of 30.61, a P/E/G ratio of 0.59 and a beta of 1.05.

Wall Street Analysts Forecast Growth

NU has been the topic of a number of research analyst reports. Susquehanna boosted their price target on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and cut their price target for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. KeyCorp upped their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group lifted 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, NU currently has an average rating of “Hold” and an average target price 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.