Nu Holdings Ltd. (NYSE:NU) Shares Sold by Adero Partners LLC

Adero Partners LLC cut its position in Nu Holdings Ltd. (NYSE:NU) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,683,097 shares of the company’s stock after selling 136,258 shares during the period. NU accounts for about 3.1% of Adero Partners LLC’s investment portfolio, making the stock its 10th biggest position. Adero Partners LLC owned 0.10% of NU worth $48,517,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NU. State Street Corp grew its holdings in NU by 105.9% during the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after acquiring an additional 40,560,986 shares during the last quarter. Baillie Gifford & Co. lifted its position in shares of 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 purchasing an additional 24,140,416 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of NU by 104.3% during the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after purchasing an additional 16,638,397 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in NU by 458.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock worth $193,111,000 after purchasing an additional 11,613,191 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in NU by 122.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company’s stock worth $165,850,000 after buying an additional 8,806,495 shares in the last quarter. 84.02% of the stock is owned by institutional investors.

NU Stock Up 2.0 %

Shares of NYSE:NU opened at $13.57 on Thursday. 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 52 week low of $9.24 and a 52 week high of $16.15. The company has a 50 day moving average price of $11.61 and a two-hundred day moving average price of $13.12. The company has a market capitalization of $64.66 billion, a PE ratio of 37.69, a PEG ratio of 0.47 and a beta of 1.10.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. The Goldman Sachs Group lifted their target price on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and cut their target price for the company from $14.60 to $11.00 in a research report on Monday, December 2nd. KeyCorp lifted their price target 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. Susquehanna increased their price objective on shares of 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 cut shares of NU from an “outperform” rating to a “market perform” rating in a research note 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’s stock. According to data from MarketBeat, NU has an average rating of “Hold” and a consensus price target of $15.63.

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.