Cibc World Market Inc. Sells 171,207 Shares of Nu Holdings Ltd. $NU

Cibc World Market Inc. decreased its stake in Nu Holdings Ltd. (NYSE:NU) by 88.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,849 shares of the company’s stock after selling 171,207 shares during the quarter. Cibc World Market Inc.’s holdings in NU were worth $366,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NU. Allianz Asset Management GmbH bought a new position in NU during the 2nd quarter worth approximately $2,562,000. Whittier Trust Co. boosted its position in shares of NU by 10.7% during the second quarter. Whittier Trust Co. now owns 157,862 shares of the company’s stock worth $2,166,000 after purchasing an additional 15,317 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of NU by 39.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 95,879 shares of the company’s stock valued at $1,315,000 after buying an additional 27,335 shares during the period. FNY Investment Advisers LLC increased its position in shares of NU by 334,100.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 3,342 shares of the company’s stock valued at $45,000 after buying an additional 3,341 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its stake in NU by 57.1% during the 2nd quarter. Bleakley Financial Group LLC now owns 34,900 shares of the company’s stock worth $479,000 after buying an additional 12,691 shares during the period. Institutional investors own 84.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Zacks Research raised NU from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th. JPMorgan Chase & Co. boosted their price objective on NU from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. UBS Group raised their target price 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 target on shares of NU from $15.00 to $19.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. Finally, Susquehanna increased their price objective on shares of NU from $19.00 to $22.00 and gave the stock a “positive” rating in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.34.

NU Trading Up 0.8%

Shares of NYSE:NU opened at $17.31 on Friday. The company’s 50-day moving average price is $17.17 and its two-hundred day moving average price is $15.94. Nu Holdings Ltd. has a one year low of $9.01 and a one year high of $18.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market capitalization of $83.41 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 0.56 and a beta of 1.08.

About NU

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.