Nu Holdings Ltd. (NYSE:NU) Shares Sold by Pitcairn Co.

Pitcairn Co. decreased its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 12.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,130 shares of the company’s stock after selling 22,330 shares during the quarter. Pitcairn Co.’s holdings in NU were worth $2,063,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Hamilton Lane Advisors LLC grew its position in NU by 97.8% in the first quarter. Hamilton Lane Advisors LLC now owns 500,791 shares of the company’s stock valued at $5,974,000 after acquiring an additional 247,642 shares in the last quarter. Vanguard Group Inc. grew its holdings in NU by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 9,593,217 shares of the company’s stock valued at $114,447,000 after purchasing an additional 343,114 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in NU by 9.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 69,452 shares of the company’s stock worth $829,000 after buying an additional 6,205 shares during the period. Advisors Asset Management Inc. lifted its holdings in NU by 34.2% in the 1st quarter. Advisors Asset Management Inc. now owns 30,314 shares of the company’s stock worth $362,000 after buying an additional 7,717 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in NU by 845.1% in the 1st quarter. Lazard Asset Management LLC now owns 2,065,108 shares of the company’s stock valued at $24,636,000 after buying an additional 1,846,610 shares during the last quarter. 80.90% of the stock is owned by hedge funds and other institutional investors.

NU Stock Up 3.8 %

Shares of NYSE:NU opened at $13.91 on Friday. The company’s fifty day moving average is $14.41 and its two-hundred day moving average is $13.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. Nu Holdings Ltd. has a 1-year low of $8.04 and a 1-year high of $16.15. The stock has a market capitalization of $66.29 billion, a price-to-earnings ratio of 38.64, a price-to-earnings-growth ratio of 0.60 and a beta of 1.13.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NU shares. The Goldman Sachs Group boosted their price target on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. upped their target price on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. KeyCorp raised their price target on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Barclays upped their price target on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, Bank of America boosted their target price on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $16.21.

About NU

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.