Integrated Wealth Concepts LLC Reduces Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Integrated Wealth Concepts LLC cut its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 3.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 25,197 shares of the company’s stock after selling 845 shares during the period. Integrated Wealth Concepts LLC’s holdings in NU were worth $344,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NU. Baillie Gifford & Co. increased its holdings in NU by 13.0% during the 3rd quarter. Baillie Gifford & Co. now owns 210,103,451 shares of the company’s stock worth $2,867,912,000 after purchasing an additional 24,140,416 shares during the last quarter. Jennison Associates LLC increased its stake in shares of NU by 7.1% in the third quarter. Jennison Associates LLC now owns 96,754,946 shares of the company’s stock worth $1,320,705,000 after buying an additional 6,435,526 shares during the last quarter. FMR LLC raised its holdings in NU by 16.4% in the third quarter. FMR LLC now owns 61,801,891 shares of the company’s stock valued at $843,596,000 after acquiring an additional 8,728,833 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in NU by 10.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 19,976,979 shares of the company’s stock valued at $272,686,000 after acquiring an additional 1,828,143 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in NU by 23.0% during the 2nd quarter. Sei Investments Co. now owns 18,927,977 shares of the company’s stock worth $243,982,000 after acquiring an additional 3,544,124 shares in the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

NU Trading Up 4.2 %

NYSE:NU opened at $12.25 on Thursday. Nu Holdings Ltd. has a 1 year low of $8.06 and a 1 year high of $16.15. The business has a fifty day moving average of $13.95 and a 200-day moving average of $13.37. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a market cap of $58.38 billion, a price-to-earnings ratio of 34.03, a PEG ratio of 0.58 and a beta of 0.99.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NU shares. KeyCorp upped their target price on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. The Goldman Sachs Group raised their price objective on NU from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. Bank of America lifted their target price on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. increased their price target on NU from $14.50 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, NU presently has a consensus rating of “Hold” and a consensus target price of $15.63.

NU Company Profile

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.