Avior Wealth Management LLC Has $63,000 Stock Position in Nu Holdings Ltd. (NYSE:NU)

Avior Wealth Management LLC lowered its position in shares of Nu Holdings Ltd. (NYSE:NU) by 39.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,061 shares of the company’s stock after selling 3,924 shares during the quarter. Avior Wealth Management LLC’s holdings in NU were worth $63,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. LRI Investments LLC lifted its holdings in shares of NU by 3.1% during the third quarter. LRI Investments LLC now owns 24,983 shares of the company’s stock worth $341,000 after buying an additional 743 shares in the last quarter. Coldstream Capital Management Inc. increased its position in shares of NU by 3.1% in the third quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company’s stock worth $362,000 after purchasing an additional 801 shares during the period. Marcum Wealth LLC increased its position in shares of NU by 2.5% in the third quarter. Marcum Wealth LLC now owns 37,221 shares of the company’s stock worth $508,000 after purchasing an additional 903 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of NU by 1.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company’s stock worth $716,000 after purchasing an additional 1,000 shares during the period. Finally, OneDigital Investment Advisors LLC increased its position in shares of NU by 4.9% in the third quarter. OneDigital Investment Advisors LLC now owns 26,477 shares of the company’s stock worth $361,000 after purchasing an additional 1,248 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on NU. Citigroup cut NU from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $14.60 to $11.00 in a research report on Monday, December 2nd. KeyCorp raised their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. The Goldman Sachs Group raised their price target on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Itau BBA Securities cut NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Finally, Susquehanna lifted their target price on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, NU has a consensus rating of “Hold” and an average target price of $15.63.

NU Stock Performance

NYSE:NU opened at $12.56 on Thursday. The stock has a market cap of $59.87 billion, a P/E ratio of 34.89, a price-to-earnings-growth ratio of 0.43 and a beta of 1.05. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. The stock’s 50-day moving average is $11.66 and its 200-day moving average is $13.12. Nu Holdings Ltd. has a 1-year low of $8.51 and a 1-year high of $16.15.

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.