Perpetual Ltd Lowers Stock Position in Nu Holdings Ltd. (NYSE:NU)

Perpetual Ltd lessened its stake in Nu Holdings Ltd. (NYSE:NU - Free Report) by 10.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,557,665 shares of the company's stock after selling 801,663 shares during the period. Perpetual Ltd owned 0.14% of NU worth $67,937,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NU. Fisher Asset Management LLC bought a new stake in shares of NU in the 3rd quarter worth about $98,704,000. Thrivent Financial for Lutherans lifted its stake in NU by 23.2% during the third quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company's stock valued at $3,517,000 after purchasing an additional 48,445 shares during the last quarter. Adero Partners LLC increased its stake in NU by 5.7% in the 3rd quarter. Adero Partners LLC now owns 4,819,355 shares of the company's stock worth $65,784,000 after purchasing an additional 259,324 shares in the last quarter. Summit Partners Public Asset Management LLC raised its position in NU by 20.0% during the third quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company's stock valued at $4,095,000 after buying an additional 50,000 shares during the period. Finally, Royal London Asset Management Ltd. boosted its position in NU by 6.2% during the third quarter. Royal London Asset Management Ltd. now owns 1,305,453 shares of the company's stock valued at $17,819,000 after purchasing an additional 76,009 shares during the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NU. Citigroup cut shares of NU from a "neutral" rating to a "sell" rating and cut their price target for the stock from $14.60 to $11.00 in a research note on Monday, December 2nd. The Goldman Sachs Group boosted their price objective on shares of NU from $17.00 to $19.00 and gave the company a "buy" rating in a report on Thursday, November 14th. KeyCorp increased their target price on NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. Susquehanna boosted their price target on NU from $16.00 to $18.00 and gave the company a "positive" rating in a report on Thursday, November 14th. Finally, Itau BBA Securities downgraded shares of NU from an "outperform" rating to a "market perform" rating in a report 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. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $15.63.

NU Price Performance

NU stock traded down $0.03 during mid-day trading on Tuesday, reaching $11.51. The company had a trading volume of 37,644,079 shares, compared to its average volume of 28,244,883. The company has a market cap of $54.83 billion, a P/E ratio of 31.96, a P/E/G ratio of 0.41 and a beta of 1.05. Nu Holdings Ltd. has a fifty-two week low of $8.51 and a fifty-two week 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 business has a fifty day simple moving average of $11.88 and a 200 day simple moving average of $13.16.

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.