Victory Capital Management Inc. Decreases Stake in Nu Holdings Ltd. (NYSE:NU)

Victory Capital Management Inc. reduced its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 6.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,012,479 shares of the company’s stock after selling 73,188 shares during the period. Victory Capital Management Inc.’s holdings in NU were worth $13,820,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NU. Massmutual Trust Co. FSB ADV lifted its position 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 acquiring an additional 1,422 shares during the period. GAMMA Investing LLC lifted its holdings in shares of NU by 56.2% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after purchasing an additional 815 shares during the period. Carolina Wealth Advisors LLC purchased a new stake in NU in the third quarter valued at approximately $44,000. Toth Financial Advisory Corp acquired a new position in NU in the 3rd quarter worth approximately $55,000. Finally, ORG Partners LLC purchased a new position in NU during the 2nd quarter worth approximately $54,000. 80.90% of the stock is owned by hedge funds and other institutional investors.

NU Price Performance

NYSE:NU opened at $13.46 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 52 week low of $8.04 and a 52 week high of $16.15. The stock’s 50-day moving average price is $14.47 and its 200-day moving average price is $13.27. The stock has a market capitalization of $64.13 billion, a PE ratio of 37.38, a price-to-earnings-growth ratio of 0.64 and a beta of 1.13.

Wall Street Analyst Weigh In

NU has been the topic of several recent research reports. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Bank of America upped their price target on shares of NU from $12.80 to $15.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. The Goldman Sachs Group lifted their price objective on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Susquehanna upped their target price on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Finally, KeyCorp raised 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. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NU currently has a consensus rating of “Moderate Buy” and a consensus price target 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.