Bleakley Financial Group LLC Sells 2,913 Shares of Nu Holdings Ltd. (NYSE:NU)

Bleakley Financial Group LLC reduced its stake in Nu Holdings Ltd. (NYSE:NU) by 16.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,144 shares of the company’s stock after selling 2,913 shares during the quarter. Bleakley Financial Group LLC’s holdings in NU were worth $157,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NU. Fisher Asset Management LLC bought a new stake in NU during the 3rd quarter worth about $98,704,000. Thrivent Financial for Lutherans boosted its holdings in shares of NU by 23.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock valued at $3,517,000 after buying an additional 48,445 shares during the last quarter. Adero Partners LLC boosted its holdings in shares of NU by 5.7% in the 3rd quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock valued at $65,784,000 after buying an additional 259,324 shares during the last quarter. Summit Partners Public Asset Management LLC raised its position in NU by 20.0% during the third quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock worth $4,095,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft grew its position in shares of NU by 19.6% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock valued at $3,680,000 after acquiring an additional 58,183 shares during the period. 84.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. KeyCorp raised their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. The Goldman Sachs Group lifted their target price on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Susquehanna increased their price objective on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and decreased their price target for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Finally, Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.63.

NU Trading Down 2.1 %

Shares of NU opened at $13.65 on Thursday. Nu Holdings Ltd. has a 52-week low of $9.54 and a 52-week high of $16.15. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The business’s fifty day moving average is $11.75 and its 200-day moving average is $13.16. The firm has a market cap of $65.06 billion, a price-to-earnings ratio of 37.92, a PEG ratio of 0.49 and a beta of 1.10.

About NU

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.