Nu Holdings Ltd. (NYSE:NU) Stock Holdings Lowered by Pitcairn Co.

Pitcairn Co. cut its position in Nu Holdings Ltd. (NYSE:NU) by 12.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 151,130 shares of the company’s stock after selling 22,330 shares during the quarter. Pitcairn Co.’s holdings in NU were worth $2,063,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of NU. Nwam LLC bought a new position in shares of NU in the third quarter worth $347,000. Intech Investment Management LLC increased its stake in NU by 5.1% during the 3rd quarter. Intech Investment Management LLC now owns 114,577 shares of the company’s stock valued at $1,564,000 after buying an additional 5,537 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of NU by 324.8% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 860,520 shares of the company’s stock worth $11,746,000 after buying an additional 657,969 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of NU in the 3rd quarter worth approximately $164,000. Finally, Jennison Associates LLC boosted its holdings in shares of NU by 7.1% in the third quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock valued at $1,320,705,000 after acquiring an additional 6,435,526 shares in the last quarter. Institutional investors own 80.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays upped 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. Susquehanna raised their target price on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. KeyCorp upped their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. The Goldman Sachs Group lifted their price objective on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note 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 company a “neutral” rating in a research note on Monday, August 19th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.21.

NU Trading Up 3.8 %

NU stock opened at $13.91 on Friday. The company has a 50 day moving average price of $14.41 and a 200 day moving average price of $13.29. 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 Holdings Ltd. has a 52 week low of $8.04 and a 52 week high of $16.15. The firm has a market capitalization of $66.29 billion, a price-to-earnings ratio of 38.64, a P/E/G ratio of 0.60 and a beta of 1.13.

NU Company 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.