HighTower Advisors LLC Sells 163,119 Shares of Nu Holdings Ltd. (NYSE:NU)

HighTower Advisors LLC lessened its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 17.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 780,650 shares of the company’s stock after selling 163,119 shares during the period. HighTower Advisors LLC’s holdings in NU were worth $8,088,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NU. State Street Corp grew its stake in NU by 105.9% in the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after purchasing an additional 40,560,986 shares during the period. Geode Capital Management LLC grew its stake in NU by 104.3% in the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock worth $442,935,000 after purchasing an additional 16,638,397 shares during the period. Baillie Gifford & Co. grew its stake in NU by 7.1% in the fourth quarter. Baillie Gifford & Co. now owns 224,979,342 shares of the company’s stock worth $2,330,786,000 after purchasing an additional 14,875,891 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in NU by 458.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock worth $193,111,000 after purchasing an additional 11,613,191 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in NU by 122.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company’s stock worth $165,850,000 after purchasing an additional 8,806,495 shares during the period. Institutional investors own 84.02% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Barclays reduced their price target on NU from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, February 24th. Citigroup cut NU from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. JPMorgan Chase & Co. reduced their price target on NU from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Finally, UBS Group reduced their price target on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. One research 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $15.47.

NU Price Performance

NYSE NU opened at $11.83 on Tuesday. Nu Holdings Ltd. has a one year low of $9.67 and a one year high of $16.15. The stock has a 50-day moving average of $12.02 and a 200 day moving average of $12.94. The company has a market capitalization of $56.36 billion, a price-to-earnings ratio of 29.56, a PEG ratio of 0.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

NU (NYSE:NU) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. NU had a return on equity of 30.99% and a net margin of 17.12%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3.17 billion. On average, sell-side analysts forecast that Nu Holdings Ltd. will post 0.58 EPS for the current year.

NU Company Profile

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.