Mount Yale Investment Advisors LLC Sells 27,276 Shares of Nu Holdings Ltd. (NYSE:NU)

Mount Yale Investment Advisors LLC decreased its stake in Nu Holdings Ltd. (NYSE:NU) by 20.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 105,333 shares of the company’s stock after selling 27,276 shares during the period. Mount Yale Investment Advisors LLC’s holdings in NU were worth $1,091,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Fisher Asset Management LLC bought a new stake in shares of NU during the third quarter worth $98,704,000. Thrivent Financial for Lutherans raised its holdings in shares of NU by 23.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 257,648 shares of the company’s stock valued at $3,517,000 after purchasing an additional 48,445 shares during the period. Adero Partners LLC lifted its position in shares of NU by 5.7% in the third quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock valued at $65,784,000 after buying an additional 259,324 shares during the last quarter. Summit Partners Public Asset Management LLC lifted its stake in shares of NU by 20.0% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock worth $4,095,000 after buying an additional 50,000 shares during the last quarter. Finally, Royal London Asset Management Ltd. grew its stake in NU by 6.2% in the 3rd quarter. Royal London Asset Management Ltd. now owns 1,305,453 shares of the company’s stock valued at $17,819,000 after buying an additional 76,009 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

Analyst Ratings Changes

NU has been the subject of a number of recent analyst reports. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Susquehanna upped their target price on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. The Goldman Sachs Group upped their target price on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Citigroup downgraded shares of NU from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. Finally, KeyCorp lifted their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.63.

NU Trading Down 0.1 %

NU opened at $12.33 on Tuesday. The stock’s 50 day moving average price is $11.69 and its 200-day moving average price is $13.13. The stock has a market cap of $58.74 billion, a price-to-earnings ratio of 34.24, a P/E/G ratio of 0.43 and a beta of 1.05. Nu Holdings Ltd. has a one year low of $8.51 and a one year high of $16.15. 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 Company Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.