Nu Holdings Ltd. (NYSE:NU) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. reduced its position in shares of Nu Holdings Ltd. (NYSE:NU) by 38.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,384 shares of the company’s stock after selling 16,211 shares during the period. Harbor Capital Advisors Inc.’s holdings in NU were worth $273,000 at the end of the most recent reporting period.

Other large 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 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 last quarter. Carolina Wealth Advisors LLC bought a new stake in shares of NU during the third quarter valued at about $44,000. Toth Financial Advisory Corp acquired a new position in shares of NU during the third quarter valued at approximately $55,000. GAMMA Investing LLC raised its stake in shares of NU by 81.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock worth $56,000 after buying an additional 1,855 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in NU by 86.3% in the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after acquiring an additional 2,131 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors.

NU Trading Down 1.4 %

Shares of NYSE NU opened at $10.92 on Wednesday. The stock has a market cap of $52.04 billion, a P/E ratio of 30.33, a price-to-earnings-growth ratio of 0.59 and a beta of 1.05. Nu Holdings Ltd. has a 52-week low of $8.51 and a 52-week high of $16.15. The firm has a 50 day moving average price of $12.28 and a two-hundred day moving average price of $13.19. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44.

Wall Street Analyst Weigh In

NU has been the subject of a number of analyst reports. Itau BBA Securities lowered shares of 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 report on Thursday, November 14th. Susquehanna boosted their price target on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. The Goldman Sachs Group lifted their price objective on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NU presently has an average rating of “Hold” and a consensus price target of $15.63.

NU 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.