Nu Holdings Ltd. (NYSE:NU) is Constellation Investimentos e Participacoes Ltda’s 2nd Largest Position

Constellation Investimentos e Participacoes Ltda reduced its stake in Nu Holdings Ltd. (NYSE:NU) by 33.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,456,712 shares of the company’s stock after selling 1,248,964 shares during the period. NU comprises 24.6% of Constellation Investimentos e Participacoes Ltda’s investment portfolio, making the stock its 2nd biggest holding. Constellation Investimentos e Participacoes Ltda’s holdings in NU were worth $25,452,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Baillie Gifford & Co. raised its stake 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 during the period. Jennison Associates LLC increased its holdings 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 acquiring an additional 6,435,526 shares during the last quarter. State Street Corp raised its stake in NU by 105.9% in the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock valued at $1,076,509,000 after acquiring an additional 40,560,986 shares during the period. FMR LLC lifted its holdings in NU by 16.4% during 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 boosted 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 purchasing an additional 16,638,397 shares during the period. Institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

NU has been the topic of several research reports. The Goldman Sachs Group boosted 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. KeyCorp increased their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Susquehanna lifted their price target on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Citigroup cut NU from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. Finally, Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. One 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, NU has an average rating of “Hold” and a consensus target price of $15.63.

NU Stock Performance

Shares of NU stock opened at $11.54 on Friday. 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 fifty-two week low of $8.51 and a fifty-two week high of $16.15. The company has a market capitalization of $54.98 billion, a P/E ratio of 32.04, a PEG ratio of 0.39 and a beta of 1.05. The stock has a 50 day moving average price of $12.06 and a two-hundred day moving average price of $13.17.

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.