Cigna Investments Inc. New Has $830,000 Position in Nu Holdings Ltd. (NYSE:NU)

Cigna Investments Inc. New reduced its position in shares of Nu Holdings Ltd. (NYSE:NU) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,111 shares of the company’s stock after selling 4,777 shares during the period. Cigna Investments Inc. New’s holdings in NU were worth $830,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Fisher Asset Management LLC bought a new position in NU during the 3rd quarter worth $98,704,000. Thrivent Financial for Lutherans increased its stake 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 last quarter. Adero Partners LLC increased its stake in shares of NU by 5.7% in the 3rd quarter. Adero Partners LLC now owns 4,819,355 shares of the company’s stock valued at $65,784,000 after purchasing an additional 259,324 shares during the last quarter. Summit Partners Public Asset Management LLC increased its stake in shares of NU by 20.0% in the 3rd quarter. Summit Partners Public Asset Management LLC now owns 300,000 shares of the company’s stock valued at $4,095,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft increased its stake in shares of NU by 19.6% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 355,332 shares of the company’s stock valued at $3,680,000 after purchasing an additional 58,183 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NU shares. Citigroup lowered NU from a “neutral” rating to a “sell” rating and decreased their price target for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Itau BBA Securities lowered NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Susquehanna boosted their price objective on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. KeyCorp boosted their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, The Goldman Sachs Group lifted their target price on NU from $17.00 to $19.00 and gave the stock a “buy” 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.63.

NU Stock Up 1.6 %

Shares of NYSE:NU opened at $13.95 on Tuesday. The company has a market capitalization of $66.48 billion, a price-to-earnings ratio of 38.75, a P/E/G 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. The business’s 50-day moving average is $11.68 and its 200-day moving average is $13.15. Nu Holdings Ltd. has a 1 year low of $9.54 and a 1 year high of $16.15.

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.