Nu Holdings Ltd. (NYSE:NU) Stock Holdings Trimmed by Glenmede Trust Co. NA

Glenmede Trust Co. NA decreased its holdings in Nu Holdings Ltd. (NYSE:NU) by 6.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 121,298 shares of the company’s stock after selling 8,814 shares during the quarter. Glenmede Trust Co. NA’s holdings in NU were worth $1,656,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of NU. Townsquare Capital LLC acquired a new position in shares of NU during the third quarter valued at approximately $197,000. Quantbot Technologies LP increased its position in shares of NU by 60.4% during the 3rd quarter. Quantbot Technologies LP now owns 195,708 shares of the company’s stock valued at $2,671,000 after purchasing an additional 73,686 shares during the period. FMR LLC raised its stake in shares of NU by 16.4% in the 3rd quarter. FMR LLC now owns 61,801,891 shares of the company’s stock worth $843,596,000 after buying an additional 8,728,833 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of NU by 94.1% in the third quarter. The Manufacturers Life Insurance Company now owns 609,709 shares of the company’s stock valued at $8,323,000 after buying an additional 295,520 shares during the period. Finally, Qsemble Capital Management LP bought a new position in NU during the third quarter valued at about $881,000. 80.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. 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. JPMorgan Chase & Co. increased their target price on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. The Goldman Sachs Group lifted their price target on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Barclays increased their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.21.

NU Stock Performance

Shares of NU stock opened at $12.53 on Monday. The stock has a market cap of $59.72 billion, a PE ratio of 34.81, a price-to-earnings-growth ratio of 0.61 and a beta of 1.13. Nu Holdings Ltd. has a 12 month low of $8.04 and a 12 month high of $16.15. 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 business has a fifty day simple moving average of $14.28 and a 200-day simple moving average of $13.36.

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.