Advisors Asset Management Inc. Sells 7,074 Shares of Nu Holdings Ltd. (NYSE:NU)

Advisors Asset Management Inc. lowered its position in Nu Holdings Ltd. (NYSE:NU) by 16.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,834 shares of the company’s stock after selling 7,074 shares during the period. Advisors Asset Management Inc.’s holdings in NU were worth $475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in NU. Baillie Gifford & Co. lifted its stake in NU by 13.0% in 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 during the last quarter. American Century Companies Inc. raised its stake in shares of NU by 73.1% during the second quarter. American Century Companies Inc. now owns 17,237,693 shares of the company’s stock valued at $222,194,000 after acquiring an additional 7,279,458 shares in the last quarter. Swiss National Bank bought a new stake in shares of NU during the third quarter valued at approximately $91,860,000. Jennison Associates LLC raised its stake 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 valued at $1,320,705,000 after acquiring an additional 6,435,526 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of NU by 83.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 13,839,210 shares of the company’s stock valued at $188,905,000 after acquiring an additional 6,313,657 shares in the last quarter. Institutional investors own 80.90% of the company’s stock.

NU Price Performance

NYSE NU opened at $13.53 on Thursday. The firm’s fifty day simple moving average is $14.37 and its two-hundred day simple moving average is $13.34. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 12-month low of $8.04 and a 12-month high of $16.15. The firm has a market capitalization of $64.48 billion, a P/E ratio of 37.58, a P/E/G ratio of 0.64 and a beta of 1.13.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NU shares. KeyCorp lifted their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Bank of America lifted their price target on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Barclays lifted their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Susquehanna boosted their price objective 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.21.

NU Company Profile

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.