Nu Holdings Ltd. (NYSE:NU) Shares Sold by Equitable Trust Co.

Equitable Trust Co. lessened its holdings in Nu Holdings Ltd. (NYSE:NU) by 18.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 186,536 shares of the company’s stock after selling 41,119 shares during the quarter. Equitable Trust Co.’s holdings in NU were worth $1,933,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Baillie Gifford & Co. increased its position in shares of NU by 13.0% in the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock valued at $2,867,912,000 after buying an additional 24,140,416 shares in the last quarter. Jennison Associates LLC increased its position in shares of NU by 7.1% during the third 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 boosted its stake in NU by 105.9% during the third quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after buying an additional 40,560,986 shares during the last quarter. FMR LLC boosted its stake in NU by 16.4% during the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after buying an additional 8,728,833 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake 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 during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NU Price Performance

Shares of NYSE:NU opened at $13.95 on Tuesday. Nu Holdings Ltd. has a 12-month low of $9.54 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 company has a market cap of $66.48 billion, a P/E ratio of 38.75, a price-to-earnings-growth ratio of 0.49 and a beta of 1.10. The company’s fifty day moving average is $11.68 and its two-hundred day moving average is $13.15.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. KeyCorp increased their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. The Goldman Sachs Group increased their price objective on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Susquehanna upped their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, NU 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.