Dynamo Administracao de Recursos Ltda. Lowers Stock Holdings in Nu Holdings Ltd. (NYSE:NU)

Dynamo Administracao de Recursos Ltda. reduced its position in Nu Holdings Ltd. (NYSE:NU) by 97.3% during the third quarter, HoldingsChannel reports. The fund owned 27,611 shares of the company’s stock after selling 986,631 shares during the quarter. NU comprises 15.9% of Dynamo Administracao de Recursos Ltda.’s holdings, making the stock its 2nd biggest position. Dynamo Administracao de Recursos Ltda.’s holdings in NU were worth $377,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec raised its stake in NU by 171.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,281,901 shares of the company’s stock valued at $72,098,000 after acquiring an additional 3,339,036 shares during the period. Circle Wealth Management LLC grew its holdings in NU by 143.3% during the 3rd quarter. Circle Wealth Management LLC now owns 104,068 shares of the company’s stock valued at $1,421,000 after buying an additional 61,288 shares in the last quarter. Fred Alger Management LLC grew its holdings in NU by 56.8% during the 3rd quarter. Fred Alger Management LLC now owns 667,161 shares of the company’s stock valued at $9,107,000 after buying an additional 241,685 shares in the last quarter. Summit Partners Public Asset Management LLC grew its holdings in NU by 20.0% during 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 buying an additional 50,000 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in NU by 458.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,147,349 shares of the company’s stock valued at $193,111,000 after buying an additional 11,613,191 shares in the last quarter. 80.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NU has been the subject of a number of recent analyst reports. Susquehanna lifted 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. UBS Group lowered NU from a “buy” rating to a “neutral” rating and set a $13.50 target price for the company. in a report on Friday, August 2nd. The Goldman Sachs Group lifted their target price on NU from $17.00 to $19.00 and gave the company a “buy” rating in a 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 report on Thursday, September 12th. Finally, Barclays boosted their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.21.

NU Stock Performance

NYSE:NU opened at $12.54 on Friday. The business has a 50 day moving average of $14.32 and a 200 day moving average of $13.34. The company has a market capitalization of $59.76 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 0.66 and a beta of 1.13. Nu Holdings Ltd. has a 1-year low of $8.04 and a 1-year 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.

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.