Sanctuary Advisors LLC Has $391,000 Position in Nu Holdings Ltd. (NYSE:NU)

Sanctuary Advisors LLC cut its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 44.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,134 shares of the company’s stock after selling 22,792 shares during the period. Sanctuary Advisors LLC’s holdings in NU were worth $391,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC acquired a new stake in shares of NU during the 3rd quarter valued at about $98,704,000. Thrivent Financial for Lutherans increased its holdings in NU by 23.2% in the third quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock worth $3,517,000 after buying an additional 48,445 shares during the last quarter. Adero Partners LLC raised its position in NU by 5.7% during the third quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock valued at $65,784,000 after acquiring an additional 259,324 shares in the last quarter. Summit Partners Public Asset Management LLC lifted its stake in NU by 20.0% in the third quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock valued at $4,095,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Royal London Asset Management Ltd. grew its position in NU by 6.2% in the third quarter. Royal London Asset Management Ltd. now owns 1,305,453 shares of the company’s stock worth $17,819,000 after acquiring an additional 76,009 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Stock Down 0.1 %

Shares of NU stock opened at $10.36 on Friday. Nu Holdings Ltd. has a 12 month low of $8.06 and a 12 month high of $16.15. The firm has a market cap of $49.38 billion, a PE ratio of 28.78, a price-to-earnings-growth ratio of 0.59 and a beta of 0.99. The stock has a 50 day moving average of $13.33 and a 200-day moving average of $13.29. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Susquehanna raised their target price on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. 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 report on Monday, December 2nd. KeyCorp increased their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, Bank of America boosted their target price on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. One 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 MarketBeat.com, the stock has a consensus 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.