CenterBook Partners LP Has $811,000 Stock Holdings in Nu Holdings Ltd. $NU

CenterBook Partners LP trimmed its stake in shares of Nu Holdings Ltd. (NYSE:NU) by 78.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,684 shares of the company’s stock after selling 186,759 shares during the quarter. CenterBook Partners LP’s holdings in NU were worth $811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Syon Capital LLC boosted its stake in shares of NU by 330.9% in the 3rd quarter. Syon Capital LLC now owns 74,318 shares of the company’s stock valued at $1,190,000 after purchasing an additional 57,071 shares during the last quarter. BBR Partners LLC lifted its holdings in NU by 2.9% in the third quarter. BBR Partners LLC now owns 325,095 shares of the company’s stock valued at $5,205,000 after buying an additional 9,069 shares during the period. Long Walk Management LP boosted its position in NU by 84.4% during the third quarter. Long Walk Management LP now owns 3,430,000 shares of the company’s stock valued at $54,914,000 after acquiring an additional 1,570,000 shares during the last quarter. GSA Capital Partners LLP grew its holdings in NU by 263.5% during the 3rd quarter. GSA Capital Partners LLP now owns 108,642 shares of the company’s stock worth $1,739,000 after acquiring an additional 78,751 shares during the period. Finally, Merit Financial Group LLC grew its holdings in NU by 73.9% during the 3rd quarter. Merit Financial Group LLC now owns 57,619 shares of the company’s stock worth $922,000 after acquiring an additional 24,487 shares during the period. 84.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NU has been the topic of a number of recent analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $21.00 price objective on shares of NU in a research note on Thursday, December 18th. Susquehanna increased their price target on NU from $19.00 to $22.00 and gave the stock a “positive” rating in a report on Tuesday, January 27th. JPMorgan Chase & Co. raised their price objective on shares of NU from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Santander upgraded shares of NU from a “neutral” rating to an “outperform” rating in a research report on Thursday, December 4th. Finally, KeyCorp increased their target price on shares of NU from $15.00 to $19.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. 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 company’s stock. According to data from MarketBeat.com, NU presently has a consensus rating of “Moderate Buy” and an average price target of $18.34.

NU Trading Up 1.3%

NYSE:NU opened at $17.55 on Friday. Nu Holdings Ltd. has a 52 week low of $9.01 and a 52 week high of $18.98. The firm has a 50-day moving average price of $17.18 and a two-hundred day moving average price of $15.98. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market cap of $84.55 billion, a price-to-earnings ratio of 34.40, a price-to-earnings-growth ratio of 0.56 and a beta of 1.08.

NU Company 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.