Nu Holdings Ltd. (NYSE:NU) Holdings Trimmed by Cigna Investments Inc. New

Cigna Investments Inc. New decreased its stake in Nu Holdings Ltd. (NYSE:NU) by 5.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 80,111 shares of the company’s stock after selling 4,777 shares during the quarter. Cigna Investments Inc. New’s holdings in NU were worth $830,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Piscataqua Savings Bank lifted its stake in NU by 500.0% in the 4th quarter. Piscataqua Savings Bank now owns 3,000 shares of the company’s stock worth $31,000 after acquiring an additional 2,500 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new stake in NU in the 3rd quarter worth approximately $44,000. Toth Financial Advisory Corp acquired a new stake in NU in the 3rd quarter worth approximately $55,000. GAMMA Investing LLC increased its position in NU by 81.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,119 shares of the company’s stock worth $56,000 after buying an additional 1,855 shares during the period. Finally, Huntington National Bank increased its position in NU by 86.3% in the 3rd quarter. Huntington National Bank now owns 4,601 shares of the company’s stock worth $63,000 after buying an additional 2,131 shares during the period. Institutional investors and hedge funds own 84.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NU shares. Susquehanna upped their price target on NU from $16.00 to $18.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. The Goldman Sachs Group upped their price target on NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. KeyCorp increased their target price on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Citigroup lowered NU from a “neutral” rating to a “sell” rating and cut their target price for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Finally, Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.63.

NU Stock Performance

Shares of NYSE NU opened at $13.95 on Tuesday. The stock has a 50 day moving average price of $11.68 and a 200 day moving average price of $13.15. Nu Holdings Ltd. has a 52 week low of $9.54 and a 52 week high of $16.15. 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 capitalization of $66.48 billion, a PE ratio of 38.75, a price-to-earnings-growth ratio of 0.49 and a beta of 1.10.

NU Profile

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.