Harbor Capital Advisors Inc. Trims Position in Nu Holdings Ltd. (NYSE:NU)

Harbor Capital Advisors Inc. decreased its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 38.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,384 shares of the company’s stock after selling 16,211 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in NU were worth $273,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV raised its stake in NU by 287.9% during the third 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. Carolina Wealth Advisors LLC purchased a new position in shares of NU in the 3rd quarter worth $44,000. Toth Financial Advisory Corp acquired a new position in NU in the third quarter valued at $55,000. GAMMA Investing LLC grew its position in NU by 81.9% during the third quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock valued at $56,000 after acquiring an additional 1,855 shares during the period. Finally, Huntington National Bank increased its stake in NU by 86.3% during the third quarter. Huntington National Bank now owns 4,601 shares of the company’s stock worth $63,000 after acquiring an additional 2,131 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

NU Trading Down 1.4 %

NYSE:NU opened at $10.92 on Wednesday. The stock has a market cap of $52.04 billion, a price-to-earnings ratio of 30.33, a price-to-earnings-growth ratio of 0.59 and a beta of 1.05. Nu Holdings Ltd. has a one year low of $8.51 and a one year 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 50-day simple moving average is $12.28 and its 200 day simple moving average is $13.19.

Analyst Upgrades and Downgrades

NU has been the subject of a number of research reports. The Goldman Sachs Group boosted their target price on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. KeyCorp increased 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 Thursday, November 14th. Susquehanna lifted their target price on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and lowered their price target for the company from $14.60 to $11.00 in a report on Monday, December 2nd. Finally, Itau BBA Securities cut 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 issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.