Nu Holdings Ltd. (NYSE:NU) Shares Sold by Avala Global LP

Avala Global LP lowered its position in Nu Holdings Ltd. (NYSE:NU) by 35.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,158,480 shares of the company’s stock after selling 2,288,970 shares during the quarter. NU accounts for 3.7% of Avala Global LP’s investment portfolio, making the stock its 10th biggest position. Avala Global LP’s holdings in NU were worth $56,763,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NU. Massmutual Trust Co. FSB ADV increased its position in shares of NU by 287.9% in the third 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 in the last quarter. GAMMA Investing LLC increased its holdings in NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock valued at $29,000 after purchasing an additional 815 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new position in NU in the third quarter valued at about $44,000. ORG Partners LLC acquired a new position in shares of NU during the second quarter worth about $54,000. Finally, Toth Financial Advisory Corp purchased a new stake in shares of NU in the third quarter worth about $55,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.

Analyst Upgrades and Downgrades

NU has been the topic of several analyst reports. JPMorgan Chase & Co. raised their target price on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. The Goldman Sachs Group upped their target price on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Susquehanna lifted their price target on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Finally, KeyCorp upped their price objective on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $16.21.

NU Price Performance

NU opened at $12.53 on Monday. 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 company has a 50-day moving average of $14.28 and a 200-day moving average of $13.36. The company has a market capitalization of $59.72 billion, a P/E ratio of 34.81, a PEG ratio of 0.61 and a beta of 1.13.

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.