Harbour Capital Advisors LLC Cuts Stock Position in Nu Holdings Ltd. (NYSE:NU)

Harbour Capital Advisors LLC decreased its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,325 shares of the company’s stock after selling 2,875 shares during the period. Harbour Capital Advisors LLC’s holdings in NU were worth $804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV increased its stake in NU by 287.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after buying an additional 1,422 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new stake in shares of NU during the third quarter worth approximately $44,000. Toth Financial Advisory Corp acquired a new position in NU in the 3rd quarter valued at $55,000. GAMMA Investing LLC lifted its holdings in NU by 81.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock valued at $56,000 after purchasing an additional 1,855 shares in the last quarter. Finally, Huntington National Bank boosted its stake in NU by 86.3% during the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock worth $63,000 after purchasing an additional 2,131 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Susquehanna raised their price target on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. KeyCorp boosted their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. The Goldman Sachs Group increased their price target on NU from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Citigroup cut NU from a “neutral” rating to a “sell” rating and dropped their target price for the company from $14.60 to $11.00 in a report on Monday, December 2nd. Finally, Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, NU presently has an average rating of “Hold” and a consensus target price of $15.63.

NU Trading Up 0.6 %

NYSE NU traded up $0.07 on Monday, reaching $11.02. The stock had a trading volume of 21,538,150 shares, compared to its average volume of 26,277,426. Nu Holdings Ltd. has a 12-month low of $8.51 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 stock has a fifty day moving average price of $12.42 and a two-hundred day moving average price of $13.22. The firm has a market capitalization of $52.52 billion, a price-to-earnings ratio of 30.61, a P/E/G ratio of 0.59 and a beta of 1.05.

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.