GSA Capital Partners LLP Sells 52,792 Shares of Nu Holdings Ltd. (NYSE:NU)

GSA Capital Partners LLP trimmed its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 79.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,682 shares of the company’s stock after selling 52,792 shares during the quarter. GSA Capital Partners LLP’s holdings in NU were worth $187,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in NU. Massmutual Trust Co. FSB ADV increased its holdings in NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after purchasing an additional 1,422 shares during the period. GAMMA Investing LLC increased its stake in shares of NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after buying an additional 815 shares during the period. Carolina Wealth Advisors LLC bought a new stake in shares of NU in the third quarter valued at about $44,000. ORG Partners LLC purchased a new stake in NU in the second quarter worth about $54,000. Finally, Toth Financial Advisory Corp bought a new position in NU during the 3rd quarter worth about $55,000. 80.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on NU. JPMorgan Chase & Co. upped their price target on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Barclays lifted their price objective on shares of 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 shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Finally, KeyCorp upped their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.21.

NU Trading Up 3.8 %

Shares of NU stock opened at $13.91 on Monday. Nu Holdings Ltd. has a 1 year low of $8.04 and a 1 year high of $16.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market cap of $66.29 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 0.60 and a beta of 1.13. The firm has a fifty day moving average price of $14.41 and a 200 day moving average price of $13.30.

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.