Nu Holdings Ltd. (NYSE:NU) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC trimmed its holdings in Nu Holdings Ltd. (NYSE:NU) by 21.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,151,351 shares of the company’s stock after selling 21,880,446 shares during the quarter. NU accounts for about 2.0% of WCM Investment Management LLC’s portfolio, making the stock its 20th biggest holding. WCM Investment Management LLC owned 1.64% of NU worth $832,312,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Piscataqua Savings Bank lifted its stake in NU by 500.0% during the fourth quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock valued at $31,000 after buying an additional 2,500 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new stake in shares of NU in the third quarter worth approximately $44,000. Toth Financial Advisory Corp purchased a new stake in shares of NU in the third quarter worth approximately $55,000. GAMMA Investing LLC lifted its position in shares of NU by 81.9% in the third quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock worth $56,000 after purchasing an additional 1,855 shares in the last quarter. Finally, Huntington National Bank lifted its position in shares of NU by 86.3% in the third quarter. Huntington National Bank now owns 4,601 shares of the company’s stock worth $63,000 after purchasing an additional 2,131 shares in the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

NU Trading Down 0.3 %

Shares of NU stock opened at $13.75 on Friday. Nu Holdings Ltd. has a 12 month low of $9.44 and a 12 month high of $16.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $11.64 and its two-hundred day moving average is $13.13. The company has a market cap of $65.51 billion, a PE ratio of 38.18, a price-to-earnings-growth ratio of 0.49 and a beta of 1.10.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NU shares. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. KeyCorp increased 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 target on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group increased their price objective on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.63.

About NU

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.