Nu Holdings Ltd. (NYSE:NU) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its holdings in Nu Holdings Ltd. (NYSE:NU - Free Report) by 75.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,923 shares of the company's stock after selling 292,190 shares during the quarter. Janus Henderson Group PLC's holdings in NU were worth $1,310,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NU. Fisher Asset Management LLC purchased a new stake in shares of NU during the 3rd quarter worth approximately $98,704,000. Thrivent Financial for Lutherans lifted its position in NU by 23.2% in the third quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company's stock valued at $3,517,000 after acquiring an additional 48,445 shares during the last quarter. Adero Partners LLC boosted its stake in NU by 5.7% in 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 grew its holdings in shares of 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 purchasing an additional 50,000 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of NU during the third quarter worth about $15,829,000. Hedge funds and other institutional investors own 84.02% of the company's stock.

NU Stock Performance

Shares of NYSE:NU traded down $0.05 during midday trading on Friday, hitting $11.94. The stock had a trading volume of 21,831,981 shares, compared to its average volume of 33,341,652. Nu Holdings Ltd. has a 1 year low of $8.06 and a 1 year high of $16.15. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $13.90 and a two-hundred day moving average price of $13.37. The company has a market capitalization of $56.91 billion, a PE ratio of 33.17, a P/E/G ratio of 0.61 and a beta of 0.99.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NU. JPMorgan Chase & Co. upped their target price on NU from $14.50 to $15.00 and gave the company a "neutral" rating in a research report on Monday, August 19th. Susquehanna increased their price objective on NU from $16.00 to $18.00 and gave the company a "positive" rating in a report on Thursday, November 14th. Itau BBA Securities cut shares of NU from an "outperform" rating to a "market perform" rating in a report on Thursday, November 14th. Bank of America increased their price target on shares of NU from $12.80 to $15.00 and gave the stock a "neutral" rating in a research note on Thursday, September 12th. Finally, KeyCorp lifted their price objective 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. 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 company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $15.63.

NU Company Profile

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.