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

Avala Global LP cut its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 35.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,158,480 shares of the company’s stock after selling 2,288,970 shares during the period. NU makes up 3.7% of Avala Global LP’s investment portfolio, making the stock its 10th biggest holding. Avala Global LP owned 0.09% of NU worth $56,763,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV grew its position in NU by 287.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock valued at $26,000 after buying an additional 1,422 shares during the last quarter. GAMMA Investing LLC increased its stake 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 acquired a new position in NU during the third quarter worth $44,000. ORG Partners LLC purchased a new stake in NU during the second quarter worth $54,000. Finally, Toth Financial Advisory Corp acquired a new stake in NU in the third quarter valued at $55,000. 80.90% of the stock is owned by institutional investors and hedge funds.

NU Price Performance

Shares of NYSE:NU opened at $12.53 on Monday. The company has a market cap of $59.72 billion, a P/E ratio of 34.81, a P/E/G ratio of 0.61 and a beta of 1.13. The business has a fifty day simple moving average of $14.28 and a 200-day simple moving average of $13.36. Nu Holdings Ltd. has a 52 week low of $8.04 and a 52 week 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.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NU. The Goldman Sachs Group boosted their price objective 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. KeyCorp 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 Thursday, November 14th. Barclays raised their price objective on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Bank of America lifted their price objective on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Finally, Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a research 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.com, NU currently has an average rating of “Moderate Buy” and a consensus target price of $16.21.

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.