Avior Wealth Management LLC Has $63,000 Stock Position in Nu Holdings Ltd. (NYSE:NU)

Avior Wealth Management LLC reduced its stake in Nu Holdings Ltd. (NYSE:NUFree Report) by 39.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,061 shares of the company’s stock after selling 3,924 shares during the period. Avior Wealth Management LLC’s holdings in NU were worth $63,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NU. AQR Capital Management LLC lifted its stake in shares of NU by 19.5% in the second quarter. AQR Capital Management LLC now owns 186,897 shares of the company’s stock worth $2,409,000 after acquiring an additional 30,498 shares during the period. The Manufacturers Life Insurance Company lifted its stake in NU by 9.7% in the second quarter. The Manufacturers Life Insurance Company now owns 314,189 shares of the company’s stock valued at $4,050,000 after buying an additional 27,662 shares during the period. Creative Planning lifted its stake in NU by 1,937.0% in the second quarter. Creative Planning now owns 418,624 shares of the company’s stock valued at $5,396,000 after buying an additional 398,073 shares during the period. NewEdge Advisors LLC acquired a new position in NU in the second quarter valued at approximately $2,148,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in NU in the second quarter valued at approximately $135,000. 84.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NU has been the topic of several recent analyst reports. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. KeyCorp boosted their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Citigroup lowered NU from a “neutral” rating to a “sell” rating and dropped their price target for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. The Goldman Sachs Group boosted their price target on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Susquehanna boosted their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. One investment 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $15.63.

View Our Latest Stock Report on NU

NU Trading Down 0.6 %

Shares of NU stock opened at $12.56 on Thursday. The stock has a fifty day simple moving average of $11.66 and a 200 day simple moving average of $13.12. Nu Holdings Ltd. has a 12-month low of $8.51 and a 12-month high of $16.15. The company has a market capitalization of $59.87 billion, a P/E ratio of 34.89, a price-to-earnings-growth ratio of 0.43 and a beta of 1.05. 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 Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NU (NYSE:NU)

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