Nu Holdings Ltd. (NYSE:NU) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 6.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,012,479 shares of the company's stock after selling 73,188 shares during the period. Victory Capital Management Inc.'s holdings in NU were worth $13,820,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of NU. Capital Research Global Investors lifted its holdings in shares of NU by 15.7% in the 1st quarter. Capital Research Global Investors now owns 202,618,338 shares of the company's stock worth $2,417,237,000 after acquiring an additional 27,420,994 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in shares of NU by 13.0% in the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company's stock worth $2,867,912,000 after acquiring an additional 24,140,416 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of NU by 73.1% in the 2nd quarter. American Century Companies Inc. now owns 17,237,693 shares of the company's stock worth $222,194,000 after acquiring an additional 7,279,458 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of NU by 83.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,839,210 shares of the company's stock worth $188,905,000 after acquiring an additional 6,313,657 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its holdings in shares of NU by 216.4% in the 1st quarter. 1832 Asset Management L.P. now owns 8,028,600 shares of the company's stock worth $95,781,000 after acquiring an additional 5,490,800 shares during the last quarter. Hedge funds and other institutional investors own 80.90% of the company's stock.

Wall Street Analysts Forecast Growth

NU has been the topic of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of NU from $14.50 to $15.00 and gave the stock a "neutral" rating in a report on Monday, August 19th. The Goldman Sachs Group increased their target price on shares of NU from $17.00 to $19.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Bank of America increased their target price on shares of NU from $12.80 to $15.00 and gave the stock a "neutral" rating in a report on Thursday, September 12th. Itau BBA Securities downgraded shares of NU from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 14th. Finally, UBS Group downgraded shares of NU from a "buy" rating to a "neutral" rating and set a $13.50 price objective on the stock. in a research report on Friday, August 2nd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.21.

NU Trading Down 1.1 %

NU stock traded down $0.15 during midday trading on Wednesday, reaching $13.32. 35,252,005 shares of the company's stock traded hands, compared to its average volume of 32,542,568. The company has a market capitalization of $63.46 billion, a P/E ratio of 36.99, a PEG ratio of 0.64 and a beta of 1.13. 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 fifty-two week low of $8.04 and a fifty-two week high of $16.15. The business has a 50-day moving average price of $14.45 and a two-hundred day moving average price of $13.27.

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.