Janus Henderson Group PLC Reduces Position in Nu Holdings Ltd. (NYSE:NU)

Janus Henderson Group PLC reduced its position in Nu Holdings Ltd. (NYSE:NU) by 75.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,923 shares of the company’s stock after selling 292,190 shares during the quarter. Janus Henderson Group PLC’s holdings in NU were worth $1,310,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV boosted its holdings in shares of NU by 287.9% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after purchasing an additional 1,422 shares during the period. Carolina Wealth Advisors LLC purchased a new position in shares of NU during the third quarter valued at $44,000. ORG Partners LLC bought a new stake in shares of NU in the second quarter valued at about $54,000. Toth Financial Advisory Corp purchased a new stake in NU in the third quarter worth about $55,000. Finally, GAMMA Investing LLC grew its holdings in NU by 81.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock worth $56,000 after acquiring an additional 1,855 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Stock Performance

NU opened at $11.94 on Friday. The company has a market cap of $56.91 billion, a P/E ratio of 33.17, a price-to-earnings-growth ratio of 0.61 and a beta of 0.99. 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 firm’s 50-day moving average price is $13.90 and its 200-day moving average price is $13.36. Nu Holdings Ltd. has a 52-week low of $8.06 and a 52-week high of $16.15.

Wall Street Analyst Weigh In

NU has been the topic of a number of recent research reports. Bank of America increased their price objective 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. The Goldman Sachs Group increased their target price on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. raised their price objective on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Finally, Barclays boosted their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.63.

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.