CenterBook Partners LP Sells 186,759 Shares of Nu Holdings Ltd. $NU

CenterBook Partners LP reduced its holdings in shares of Nu Holdings Ltd. (NYSE:NU) by 78.7% during the third quarter, Holdings Channel reports. The fund owned 50,684 shares of the company’s stock after selling 186,759 shares during the period. CenterBook Partners LP’s holdings in NU were worth $811,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Verdence Capital Advisors LLC raised its holdings in NU by 1.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 44,508 shares of the company’s stock valued at $712,000 after buying an additional 804 shares during the last quarter. Canvas Wealth Advisors LLC increased its position in shares of NU by 4.9% in the third quarter. Canvas Wealth Advisors LLC now owns 19,087 shares of the company’s stock valued at $292,000 after acquiring an additional 900 shares during the period. Covestor Ltd raised its stake in shares of NU by 8.2% during the third quarter. Covestor Ltd now owns 12,194 shares of the company’s stock valued at $195,000 after acquiring an additional 919 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of NU by 15.3% during the third quarter. TD Waterhouse Canada Inc. now owns 7,324 shares of the company’s stock worth $128,000 after purchasing an additional 972 shares during the period. Finally, Core Wealth Partners LLC grew its stake in shares of NU by 8.0% in the third quarter. Core Wealth Partners LLC now owns 13,500 shares of the company’s stock worth $216,000 after purchasing an additional 1,000 shares during the last quarter. 84.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on NU shares. Susquehanna raised their price target on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research note on Tuesday, January 27th. The Goldman Sachs Group reiterated a “buy” rating and set a $21.00 price target on shares of NU in a research report on Thursday, December 18th. UBS Group raised their price objective on shares of NU from $16.00 to $18.40 and gave the stock a “neutral” rating in a report on Thursday, December 4th. KeyCorp lifted their price objective on NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. Finally, JPMorgan Chase & Co. increased their target price on NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.34.

NU Stock Performance

NU stock opened at $17.55 on Friday. Nu Holdings Ltd. has a twelve month low of $9.01 and a twelve month high of $18.98. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $84.55 billion, a P/E ratio of 34.40, a PEG ratio of 0.56 and a beta of 1.08. The stock’s 50 day moving average is $17.18 and its 200 day moving average is $15.98.

NU Profile

Nu Holdings Ltd (NYSE: NU), commonly known by its consumer brand Nubank, is a Latin American financial technology company that provides digital banking and financial services through a mobile-first platform. The company’s core offerings include no-fee digital checking accounts, credit cards, personal loans, payments and transfers, and a range of savings and investment products. Nubank emphasizes a streamlined customer experience delivered via its smartphone app, combined with data-driven underwriting and automated customer service tools.

Founded in 2013 by David Vélez, Cristina Junqueira and Edward Wible, Nu grew rapidly by targeting underbanked and digitally savvy consumers in Latin America with low-fee, transparent products.