American Trust Sells 1,180 Shares of Nu Holdings Ltd. (NYSE:NU)

American Trust trimmed its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 6.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,923 shares of the company’s stock after selling 1,180 shares during the period. American Trust’s holdings in NU were worth $231,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC increased its stake in shares of NU by 41.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 325,230 shares of the company’s stock worth $4,192,000 after purchasing an additional 95,412 shares during the last quarter. ORG Partners LLC bought a new stake in shares of NU in the second quarter valued at $54,000. Blue Trust Inc. lifted its position in shares of NU by 207.7% during the 2nd quarter. Blue Trust Inc. now owns 30,639 shares of the company’s stock valued at $366,000 after buying an additional 20,680 shares during the last quarter. Raymond James & Associates grew its stake in shares of NU by 19.9% during the 2nd quarter. Raymond James & Associates now owns 462,694 shares of the company’s stock worth $5,964,000 after acquiring an additional 76,880 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in NU by 499.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 413,165 shares of the company’s stock worth $5,326,000 after acquiring an additional 344,295 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NU has been the topic of several recent research reports. KeyCorp upped their price objective on shares of NU from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. lifted their price objective on shares of NU from $14.50 to $15.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Bank of America increased their target price on NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Barclays raised their price target on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, Susquehanna boosted their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.63.

NU Stock Performance

NYSE:NU opened at $11.94 on Friday. The stock has a market cap of $56.91 billion, a P/E ratio of 33.17, a PEG ratio of 0.61 and a beta of 0.99. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $13.90 and its two-hundred day moving average price is $13.36. Nu Holdings Ltd. has a twelve month low of $8.06 and a twelve month high of $16.15.

NU 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.