Nu Holdings Ltd. (NYSE:NU) Stock Holdings Trimmed by Natixis Advisors L.P.

Natixis Advisors L.P. lowered its holdings in shares of Nu Holdings Ltd. (NYSE:NU – Free Report) by 22.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,170 shares of the company’s stock after selling 38,249 shares during the period. Natixis Advisors L.P.’s holdings in NU were worth $615,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Ridgewood Investments LLC bought a new stake in NU during the 1st quarter valued at $27,000. Newbridge Financial Services Group Inc. increased its position in shares of NU by 166.7% during the 1st quarter. Newbridge Financial Services Group Inc. now owns 8,000 shares of the company’s stock valued at $38,000 after purchasing an additional 5,000 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of NU during the 4th quarter valued at $38,000. Verdence Capital Advisors LLC acquired a new position in shares of NU during the 1st quarter valued at $48,000. Finally, XTX Topco Ltd acquired a new position in shares of NU during the 1st quarter valued at $78,000. Institutional investors own 53.73% of the company’s stock.

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NU Stock Performance

Shares of NYSE NU opened at $6.90 on Thursday. Nu Holdings Ltd. has a 52-week low of $3.39 and a 52-week high of $8.29. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $32.37 billion, a price-to-earnings ratio of 346.17 and a beta of 1.21. The stock’s fifty day simple moving average is $7.63 and its 200 day simple moving average is $6.32.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Bank of America lifted their price target on NU from $5.50 to $7.00 in a research report on Tuesday, May 16th. Citigroup cut NU from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $7.00 to $6.10 in a report on Wednesday, May 17th. Finally, UBS Group lifted their target price on NU from $8.50 to $9.30 and gave the stock a “buy” rating in a report on Monday, August 21st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $6.84.

Check Out Our Latest Stock Analysis on NU

NU Company Profile

(Free Report)

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.

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