Nu Holdings Ltd. (NYSE:NU) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 6.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,012,479 shares of the company’s stock after selling 73,188 shares during the quarter. Victory Capital Management Inc.’s holdings in NU were worth $13,820,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NU. Massmutual Trust Co. FSB ADV lifted its stake 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 in the last quarter. GAMMA Investing LLC increased its stake in NU by 56.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $29,000 after buying an additional 815 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new position in shares of NU during the third quarter valued at approximately $44,000. ORG Partners LLC purchased a new position in shares of NU in the second quarter valued at approximately $54,000. Finally, Toth Financial Advisory Corp acquired a new stake in shares of NU in the third quarter worth approximately $55,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

Wall Street Analyst Weigh In

NU has been the subject of several recent research reports. Bank of America increased their price objective on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. JPMorgan Chase & Co. increased their target price on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 14th. The Goldman Sachs Group upped their price objective on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Susquehanna raised their target price on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.21.

NU Price Performance

Shares of NU stock opened at $13.46 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The company has a market capitalization of $64.13 billion, a PE ratio of 37.38, a price-to-earnings-growth ratio of 0.64 and a beta of 1.13. The firm’s 50-day moving average is $14.47 and its two-hundred day moving average is $13.27. Nu Holdings Ltd. has a 12 month low of $8.04 and a 12 month high of $16.15.

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.