Nu Holdings Ltd. (NYSE:NU) Shares Sold by Virtu Financial LLC

Virtu Financial LLC trimmed its position in Nu Holdings Ltd. (NYSE:NU - Free Report) by 72.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,731 shares of the company's stock after selling 84,641 shares during the period. Virtu Financial LLC's holdings in NU were worth $447,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Baillie Gifford & Co. boosted its position in NU by 13.0% during the third 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. Jennison Associates LLC lifted its stake in NU by 7.1% in the 3rd quarter. Jennison Associates LLC now owns 96,754,946 shares of the company's stock worth $1,320,705,000 after purchasing an additional 6,435,526 shares in the last quarter. State Street Corp grew its position in shares of NU by 105.9% in the third quarter. State Street Corp now owns 78,865,138 shares of the company's stock valued at $1,076,509,000 after purchasing an additional 40,560,986 shares in the last quarter. FMR LLC increased its holdings in shares of NU by 16.4% in the third quarter. FMR LLC now owns 61,801,891 shares of the company's stock valued at $843,596,000 after purchasing an additional 8,728,833 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in NU by 104.3% during the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company's stock worth $442,935,000 after buying an additional 16,638,397 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Trading Down 1.8 %

NU stock traded down $0.21 during trading on Monday, hitting $11.73. The company had a trading volume of 31,791,754 shares, compared to its average volume of 33,335,152. 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 company's 50 day simple moving average is $13.90 and its 200-day simple moving average is $13.38. Nu Holdings Ltd. has a 1-year low of $8.06 and a 1-year high of $16.15. The stock has a market cap of $55.90 billion, a price-to-earnings ratio of 32.86, a price-to-earnings-growth ratio of 0.61 and a beta of 0.99.

Wall Street Analysts Forecast Growth

NU has been the subject of several analyst reports. Susquehanna raised their target price on NU from $16.00 to $18.00 and gave the stock a "positive" rating in a research note on Thursday, November 14th. KeyCorp raised their price objective on shares of NU from $15.00 to $17.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. Bank of America boosted their target price on shares of NU from $12.80 to $15.00 and gave the company a "neutral" rating in a report on Thursday, September 12th. The Goldman Sachs Group lifted 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, Itau BBA Securities lowered NU from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $15.63.

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.