Mount Yale Investment Advisors LLC Lowers Holdings in Nu Holdings Ltd. (NYSE:NU)

Mount Yale Investment Advisors LLC decreased its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 20.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 105,333 shares of the company's stock after selling 27,276 shares during the period. Mount Yale Investment Advisors LLC's holdings in NU were worth $1,091,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV increased its stake in shares of NU by 287.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company's stock valued at $26,000 after purchasing an additional 1,422 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new stake in shares of NU in the 3rd quarter worth approximately $44,000. Toth Financial Advisory Corp bought a new position in NU during the 3rd quarter valued at approximately $55,000. GAMMA Investing LLC raised its stake 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 buying an additional 1,855 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in NU by 86.3% in 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 in the last quarter. Institutional investors own 84.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Citigroup downgraded NU from a "neutral" rating to a "sell" rating and reduced their price target for the company from $14.60 to $11.00 in a report on Monday, December 2nd. Susquehanna raised their price objective 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. Itau BBA Securities downgraded shares of NU from an "outperform" rating to a "market perform" 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 company a "buy" rating in a research report on Thursday, November 14th. Finally, KeyCorp upped their price objective on NU from $15.00 to $17.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. One investment 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. Based on data from MarketBeat.com, NU has a consensus rating of "Hold" and a consensus price target of $15.63.

NU Stock Performance

Shares of NU stock traded up $0.32 on Tuesday, reaching $12.64. The stock had a trading volume of 55,174,731 shares, compared to its average volume of 32,969,613. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. Nu Holdings Ltd. has a 1 year low of $8.51 and a 1 year high of $16.15. The stock has a market cap of $60.22 billion, a P/E ratio of 35.10, a price-to-earnings-growth ratio of 0.43 and a beta of 1.05. The company has a 50 day simple moving average of $11.67 and a 200 day simple moving average of $13.12.

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.