Choreo LLC Trims Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Choreo LLC lowered its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 19.5% during the 4th quarter, HoldingsChannel reports. The fund owned 70,788 shares of the company’s stock after selling 17,176 shares during the period. Choreo LLC’s holdings in NU were worth $753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. State Street Corp lifted its stake in NU by 105.9% in the 3rd quarter. State Street Corp now owns 78,865,138 shares of the company’s stock worth $1,076,509,000 after purchasing an additional 40,560,986 shares in the last quarter. Baillie Gifford & Co. raised its position in shares of NU by 13.0% in the third quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after buying an additional 24,140,416 shares in the last quarter. Geode Capital Management LLC boosted its stake in NU by 104.3% during the third quarter. Geode Capital Management LLC now owns 32,597,803 shares of the company’s stock valued at $442,935,000 after buying an additional 16,638,397 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in NU by 458.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock worth $193,111,000 after buying an additional 11,613,191 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in NU by 122.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 16,008,683 shares of the company’s stock worth $165,850,000 after acquiring an additional 8,806,495 shares during the last quarter. 84.02% of the stock is owned by institutional investors.

NU Stock Performance

NYSE NU opened at $13.75 on Monday. The firm has a market cap of $65.51 billion, a price-to-earnings ratio of 38.18, a PEG ratio of 0.49 and a beta of 1.10. The company has a 50-day simple moving average of $11.64 and a two-hundred day simple moving average of $13.14. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a 12-month low of $9.44 and a 12-month high of $16.15.

Wall Street Analyst Weigh In

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

NU 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.