Nu Holdings Ltd. (NYSE:NU) is Constellation Investimentos e Participacoes Ltda's 2nd Largest Position

Constellation Investimentos e Participacoes Ltda reduced its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 33.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,456,712 shares of the company's stock after selling 1,248,964 shares during the period. NU comprises approximately 24.6% of Constellation Investimentos e Participacoes Ltda's portfolio, making the stock its 2nd biggest position. Constellation Investimentos e Participacoes Ltda owned about 0.05% of NU worth $25,452,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NU. Oppenheimer Asset Management Inc. raised its holdings in shares of NU by 22.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 20,394 shares of the company's stock valued at $263,000 after purchasing an additional 3,784 shares during the last quarter. Amalgamated Bank lifted its position in shares of NU by 45.5% during the 2nd quarter. Amalgamated Bank now owns 215,062 shares of the company's stock worth $2,772,000 after buying an additional 67,216 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of NU by 16.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 34,481 shares of the company's stock worth $444,000 after buying an additional 4,956 shares during the last quarter. Blair William & Co. IL bought a new position in shares of NU in the second quarter valued at approximately $339,000. Finally, Intech Investment Management LLC increased its position in shares of NU by 13.0% during the second quarter. Intech Investment Management LLC now owns 109,040 shares of the company's stock valued at $1,406,000 after acquiring an additional 12,527 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Stock Performance

Shares of NU stock traded up $0.26 during trading hours on Monday, reaching $11.54. The company had a trading volume of 25,183,180 shares, compared to its average volume of 33,056,972. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. Nu Holdings Ltd. has a one year low of $8.51 and a one year high of $16.15. The firm has a market cap of $54.98 billion, a PE ratio of 32.04, a price-to-earnings-growth ratio of 0.39 and a beta of 1.05. The business has a fifty day simple moving average of $12.06 and a 200 day simple moving average of $13.17.

Analysts Set New Price Targets

A number of brokerages have issued reports on NU. KeyCorp upped their price objective on NU from $15.00 to $17.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Itau BBA Securities downgraded shares of NU from an "outperform" rating to a "market perform" rating in a report on Thursday, November 14th. Susquehanna boosted 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. The Goldman Sachs Group raised their price target 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, Citigroup downgraded NU from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $15.63.

NU Company Profile

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.