BBR Partners LLC Sells 44,306 Shares of Nu Holdings Ltd. (NYSE:NU)

BBR Partners LLC decreased its position in shares of Nu Holdings Ltd. (NYSE:NU) by 12.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 316,026 shares of the company’s stock after selling 44,306 shares during the quarter. BBR Partners LLC’s holdings in NU were worth $4,314,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Hamilton Lane Advisors LLC increased its holdings in shares of NU by 97.8% in the first quarter. Hamilton Lane Advisors LLC now owns 500,791 shares of the company’s stock worth $5,974,000 after purchasing an additional 247,642 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of 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 acquiring an additional 343,114 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of NU by 34.2% in the first quarter. Advisors Asset Management Inc. now owns 30,314 shares of the company’s stock valued at $362,000 after purchasing an additional 7,717 shares in the last quarter. LRI Investments LLC bought a new stake in NU in the first quarter worth $91,000. Finally, Atria Investments Inc bought a new position in NU during the first quarter valued at $1,405,000. Institutional investors own 80.90% of the company’s stock.

NU Trading Down 2.9 %

Shares of NU opened at $13.53 on Thursday. The firm has a market capitalization of $64.48 billion, a price-to-earnings ratio of 37.58, a PEG ratio of 0.64 and a beta of 1.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick 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 $14.37 and a 200 day moving average of $13.34.

Analyst Ratings Changes

A number of analysts have recently weighed in on NU shares. 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 report on Thursday, September 12th. Susquehanna raised their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. UBS Group cut NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a report on Friday, August 2nd. Barclays increased their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.