Ashford Capital Management Inc. Cuts Stock Position in Nu Holdings Ltd. (NYSE:NU)

Ashford Capital Management Inc. lowered its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 40.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 214,670 shares of the company's stock after selling 146,330 shares during the quarter. Ashford Capital Management Inc.'s holdings in NU were worth $2,930,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV lifted its holdings in shares of 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 buying an additional 1,422 shares during the period. GAMMA Investing LLC lifted its position in shares of NU by 56.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company's stock worth $29,000 after purchasing an additional 815 shares during the period. Carolina Wealth Advisors LLC purchased a new position in NU during the third quarter valued at approximately $44,000. ORG Partners LLC purchased a new stake in NU during the second quarter worth $54,000. Finally, Toth Financial Advisory Corp purchased a new position in shares of NU in the 3rd quarter valued at $55,000. Hedge funds and other institutional investors own 80.90% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NU shares. Citigroup cut shares of NU from a "neutral" rating to a "sell" rating and lowered their price target for the company from $14.60 to $11.00 in a report on Monday, December 2nd. 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. The Goldman Sachs Group boosted their target price on shares of NU from $17.00 to $19.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. boosted their price objective on shares of NU from $14.50 to $15.00 and gave the company a "neutral" rating in a report on Monday, August 19th. Finally, Susquehanna raised their target price on NU from $16.00 to $18.00 and gave the stock a "positive" rating in a research note on Thursday, November 14th. One research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $15.63.

NU Stock Performance

NYSE:NU traded down $0.17 during trading hours on Tuesday, reaching $11.76. The company had a trading volume of 29,786,278 shares, compared to its average volume of 33,404,340. The firm has a market cap of $56.05 billion, a PE ratio of 32.97, a price-to-earnings-growth ratio of 0.58 and a beta of 0.99. 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 business's 50 day moving average price is $14.00 and its 200-day moving average price is $13.38. Nu Holdings Ltd. has a 1-year low of $8.06 and a 1-year high of $16.15.

NU Company 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.