Wellington Management Group LLP Sells 1,263,384 Shares of Nu Holdings Ltd. (NYSE:NU)

Wellington Management Group LLP lowered its position in shares of Nu Holdings Ltd. (NYSE:NU) by 53.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,097,492 shares of the company’s stock after selling 1,263,384 shares during the period. Wellington Management Group LLP’s holdings in NU were worth $14,981,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NU. Massmutual Trust Co. FSB ADV increased its stake in shares of NU by 287.9% in the third 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 during the period. Carolina Wealth Advisors LLC bought a new stake in NU during the 3rd quarter worth approximately $44,000. Toth Financial Advisory Corp acquired a new position in NU in the 3rd quarter valued at approximately $55,000. GAMMA Investing LLC raised its stake in shares of NU by 81.9% during the third quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock valued at $56,000 after acquiring an additional 1,855 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in shares of NU by 86.3% during the third quarter. Huntington National Bank now owns 4,601 shares of the company’s stock worth $63,000 after purchasing an additional 2,131 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analyst Ratings Changes

NU has been the subject of a number of recent research reports. KeyCorp increased their price objective on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. 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. Susquehanna upped their target price on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. The Goldman Sachs Group increased their target price on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Itau BBA Securities downgraded shares of NU from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 14th. One investment 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, the stock presently has a consensus rating of “Hold” and an average target price of $15.63.

NU Stock Performance

NYSE:NU opened at $11.94 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. Nu Holdings Ltd. has a twelve month low of $8.06 and a twelve month high of $16.15. The company has a fifty day moving average of $13.90 and a 200-day moving average of $13.37. The firm has a market capitalization of $56.91 billion, a P/E ratio of 33.17, a P/E/G ratio of 0.61 and a beta of 0.99.

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.