Nu Holdings Ltd. (NYSE:NU) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lowered its position in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 20.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 326,805 shares of the company's stock after selling 86,360 shares during the quarter. Vaughan Nelson Investment Management L.P.'s holdings in NU were worth $4,461,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of NU. Aigen Investment Management LP acquired a new stake in shares of NU in the third quarter worth approximately $814,000. Principal Financial Group Inc. grew its stake in shares of NU by 315.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company's stock valued at $15,745,000 after buying an additional 876,039 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of NU by 1,074.6% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 131,136 shares of the company's stock worth $1,790,000 after buying an additional 119,972 shares during the last quarter. Public Investment Fund raised its position in shares of NU by 223.1% in the 2nd quarter. Public Investment Fund now owns 3,802,480 shares of the company's stock worth $49,014,000 after buying an additional 2,625,500 shares during the period. Finally, Bleakley Financial Group LLC acquired a new position in NU in the first quarter valued at $152,000. Institutional investors and hedge funds own 80.90% of the company's stock.

NU Stock Down 2.9 %

Shares of NU stock traded down $0.41 during trading hours on Monday, hitting $13.65. 51,448,849 shares of the company's stock traded hands, compared to its average volume of 32,414,859. Nu Holdings Ltd. has a twelve month low of $8.04 and a twelve month high of $16.15. The company has a market cap of $65.06 billion, a PE ratio of 38.11, a PEG ratio of 0.64 and a beta of 1.13. The company has a quick ratio of 0.49, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock has a 50 day simple moving average of $14.48 and a 200-day simple moving average of $13.24.

Wall Street Analysts Forecast Growth

NU has been the topic of a number of research reports. UBS Group downgraded NU from a "buy" rating to a "neutral" rating and set a $13.50 price objective on the stock. in a report on Friday, August 2nd. Susquehanna boosted their price objective on shares of NU from $16.00 to $18.00 and gave the stock a "positive" rating in a research note on Thursday. Barclays raised their target price on shares of NU from $15.00 to $17.00 and gave the company an "overweight" rating in a research note on Friday, August 16th. Itau BBA Securities cut shares of NU from an "outperform" rating to a "market perform" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. raised their price objective on NU from $14.50 to $15.00 and gave the company a "neutral" rating in a research report on Monday, August 19th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.21.

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.