Ieq Capital LLC Cuts Stake in Nu Holdings Ltd. (NYSE:NU)

Ieq Capital LLC reduced its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 11.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,825,527 shares of the company’s stock after selling 504,392 shares during the period. Ieq Capital LLC owned about 0.08% of NU worth $39,632,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its holdings in NU by 52.4% during the 4th quarter. Private Advisor Group LLC now owns 79,831 shares of the company’s stock worth $827,000 after acquiring an additional 27,456 shares in the last quarter. Good Life Advisors LLC acquired a new position in NU during the 4th quarter worth approximately $138,000. Financial Perspectives Inc grew its holdings in NU by 8.6% during the 4th quarter. Financial Perspectives Inc now owns 30,567 shares of the company’s stock worth $317,000 after acquiring an additional 2,415 shares in the last quarter. Accuvest Global Advisors grew its holdings in NU by 25.2% during the 4th quarter. Accuvest Global Advisors now owns 33,414 shares of the company’s stock worth $346,000 after acquiring an additional 6,730 shares in the last quarter. Finally, Paradice Investment Management LLC acquired a new position in NU during the 4th quarter worth approximately $111,000. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on NU. The Goldman Sachs Group boosted their price target on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Citigroup cut shares of NU from a “neutral” rating to a “sell” rating and lowered their target price for the company from $14.60 to $11.00 in a report on Monday, December 2nd. Susquehanna upped their target price on shares of NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Itau BBA Securities cut shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Finally, UBS Group lowered their target price on shares of NU from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.80.

NU Stock Down 0.5 %

NU stock opened at $13.48 on Thursday. The company has a fifty day moving average price of $11.92 and a 200 day moving average price of $13.23. Nu Holdings Ltd. has a 12 month low of $9.67 and a 12 month high of $16.15. The company has a market cap of $64.22 billion, a price-to-earnings ratio of 37.43, a price-to-earnings-growth ratio of 0.49 and a beta of 1.10. 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 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.