MML Investors Services LLC Sells 2,059 Shares of Nu Holdings Ltd. (NYSE:NU)

MML Investors Services LLC lessened its stake in Nu Holdings Ltd. (NYSE:NU) by 1.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 118,602 shares of the company’s stock after selling 2,059 shares during the period. MML Investors Services LLC’s holdings in NU were worth $1,619,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Marcum Wealth LLC raised its position in NU by 2.5% in the 3rd 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 last quarter. Americana Partners LLC raised its position in NU by 7.8% in the 2nd quarter. Americana Partners LLC now owns 15,449 shares of the company’s stock worth $199,000 after purchasing an additional 1,115 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in NU by 4.9% in the 3rd 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 last quarter. Gateway Advisory LLC raised its position in NU by 2.1% in the 2nd quarter. Gateway Advisory LLC now owns 69,255 shares of the company’s stock worth $893,000 after purchasing an additional 1,419 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its position in NU by 287.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,916 shares of the company’s stock worth $26,000 after purchasing an additional 1,422 shares during the last quarter. Institutional investors own 84.02% of the company’s stock.

NU Trading Down 0.3 %

NYSE:NU opened at $11.70 on Wednesday. Nu Holdings Ltd. has a fifty-two week low of $8.06 and a fifty-two week 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. The stock has a market capitalization of $55.76 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 0.59 and a beta of 0.99. The business’s 50-day simple moving average is $13.84 and its 200-day simple moving average is $13.38.

Analyst Ratings Changes

Several research analysts recently weighed in on NU shares. Bank of America boosted their price objective on shares of NU from $12.80 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. The Goldman Sachs Group lifted their target price on shares of NU from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. Susquehanna lifted their target price on shares of NU from $16.00 to $18.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Finally, KeyCorp lifted their target price on shares of NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, NU presently has an average rating of “Hold” and a consensus price target of $15.63.

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.