Constellation Investimentos e Participacoes Ltda Has $25.45 Million Stock Position in Nu Holdings Ltd. (NYSE:NU)

Constellation Investimentos e Participacoes Ltda trimmed its position in Nu Holdings Ltd. (NYSE:NU) by 33.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,456,712 shares of the company’s stock after selling 1,248,964 shares during the quarter. NU accounts for 24.6% of Constellation Investimentos e Participacoes Ltda’s holdings, making the stock its 2nd largest holding. Constellation Investimentos e Participacoes Ltda owned 0.05% of NU worth $25,452,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NU. Massmutual Trust Co. FSB ADV increased its holdings in shares of NU by 287.9% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after buying an additional 1,422 shares in the last quarter. Carolina Wealth Advisors LLC bought a new stake in NU during the 3rd quarter worth $44,000. Toth Financial Advisory Corp acquired a new position in NU in the 3rd quarter worth about $55,000. GAMMA Investing LLC raised its position in NU by 81.9% in the third quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock valued at $56,000 after purchasing an additional 1,855 shares during the last quarter. Finally, Huntington National Bank boosted its stake in shares of NU by 86.3% during the third quarter. Huntington National Bank now owns 4,601 shares of the company’s stock valued at $63,000 after purchasing an additional 2,131 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of NU from $17.00 to $19.00 and gave the stock a “buy” 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 research note on Thursday, November 14th. KeyCorp raised their target price on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Susquehanna upped 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. Finally, Citigroup downgraded NU from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, NU has an average rating of “Hold” and an average target price of $15.63.

NU Stock Up 2.3 %

NU opened at $11.54 on Friday. Nu Holdings Ltd. has a fifty-two week low of $8.51 and a fifty-two week high of $16.15. 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’s 50-day moving average is $12.06 and its 200 day moving average is $13.17. The firm has a market capitalization of $54.98 billion, a P/E ratio of 32.04, a PEG ratio of 0.39 and a beta of 1.05.

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.