Penserra Capital Management LLC Sells 151,402 Shares of Nu Holdings Ltd. (NYSE:NU)

Penserra Capital Management LLC lessened its holdings in Nu Holdings Ltd. (NYSE:NU) by 8.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,658,466 shares of the company’s stock after selling 151,402 shares during the quarter. Penserra Capital Management LLC’s holdings in NU were worth $22,637,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Adero Partners LLC raised its position in NU by 5.7% during the third quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock worth $65,784,000 after acquiring an additional 259,324 shares in the last quarter. Aigen Investment Management LP bought a new stake in NU during the third quarter worth $814,000. Principal Financial Group Inc. raised its position in NU by 315.8% during the third quarter. Principal Financial Group Inc. now owns 1,153,464 shares of the company’s stock worth $15,745,000 after acquiring an additional 876,039 shares in the last quarter. Jennison Associates LLC raised its position in NU by 7.1% during the third quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock worth $1,320,705,000 after acquiring an additional 6,435,526 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in NU by 1,074.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 131,136 shares of the company’s stock worth $1,790,000 after acquiring an additional 119,972 shares in the last quarter. Institutional investors own 80.90% of the company’s stock.

Wall Street Analyst Weigh In

NU has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Susquehanna increased their price objective on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. UBS Group lowered shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a research report on Friday, August 2nd. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group increased their price objective on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, NU currently has an average rating of “Moderate Buy” and a consensus price target of $16.21.

NU Trading Up 3.8 %

NU stock opened at $13.91 on Friday. The company has a market capitalization of $66.29 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 0.60 and a beta of 1.13. 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 52 week low of $8.04 and a 52 week high of $16.15. The company’s 50-day simple moving average is $14.41 and its 200 day simple moving average is $13.29.

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.